Cruise to slash workforce by nearly 50% after GM cuts funding to robotaxi operations
In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of Cruise’s shares in 2016 close to $10 billion. In September, Elshenawy, president and chief technologist of Cruise, threw a huge party for Cruise staffers that some read to be a sign that the company was moving forward.
Cruise is laying off about 50% of its workforce, affecting nearly 1,000 employees, as GM shifts focus to other automotive ...
An internal document obtained by the Free Press reveals how much more GM will pay out in bonuses to its salaried workforce ...
General Motors Co. is cutting about 50% of the workforce of its former Cruise self-driving car unit just shy of two months ...
The layoffs come two months after GM announced it will focus on developing Cruise's autonomous tech for personal cars, rather ...
Some GM salaried workers are being let go as the company continues to use a new evaluation program that weeds out poor ...
General Motors said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing the ...
General Motors (GM) continues to reduce the headcount of its workforce under a new performance evaluation system.
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