The Business Times
business-time-50

GM’s Cruise to slash 24% of its workforce

google-preferred-sourceAdd BT as a preferred source
Published Fri, Dec 15, 2023 · 12:25 AM
    • The layoffs are primarily in commercial operations and related corporate functions and come after Cruise fired nine executives on Wednesday, including its chief operating officer.
    • The layoffs are primarily in commercial operations and related corporate functions and come after Cruise fired nine executives on Wednesday, including its chief operating officer. PHOTO: REUTERS

    GENERAL Motors’ self-driving business Cruise will slash 24 per cent of its full-time workforce impacting about 900 employees, the company said on Thursday (Dec 14).

    The layoffs are primarily in commercial operations and related corporate functions and come after Cruise fired nine executives on Wednesday, including its chief operating officer. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    General MotorsSelf-driving vehiclesLayoffs

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Dubai has assembled a powerful formula for attracting wealth, but the ongoing Gulf conflict has put geopolitical risk back at the centre of investors' minds.

    As war unsettles the Gulf, wealthy families reassess where to place capital and relocate

    From December 2021 to December 2024, private hospital IP premiums have been rising at an average annual rate of 8.6%.

    MOH addressing rising healthcare costs, but cannot control commercial insurance decisions: Rahayu Mahzam

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More