Common Motors slashes one other 1,000 jobs to chop prices | TechCrunch

Common Motors is shedding practically 1,000 staff within the U.S. as a part of a cost-cutting bid, simply three months after reducing 1,000 software program jobs.

The corporate advised TechCrunch that cuts received’t have an effect on hourly staff at any of its factories, however declined to specify what groups had been affected. A big majority of the layoffs had been salaried workers.

“So as to win on this aggressive market, we have to optimize for velocity and excellence. This contains working with effectivity, guaranteeing we now have the appropriate crew construction, and specializing in our high priorities as a enterprise,” the corporate stated in a press release.

The cuts come at a time when GM and different automakers face the potential for shedding federal subsidies for his or her electrical automobiles — a proposal that newly-elected president Donald Trump has stated he’s in favor of, and one which his donor-advisor Elon Musk helps. The automaker is trying to cut losses on its EV efforts by $2 billion to $4 billion in 2025.