GM Reportedly Lays Off Over 200 Employees Days After Raising 2025 Earnings Guidance
Synopsis
- According to a Bloomberg report citing unnamed sources, the layoffs mainly were at its Tech Center in Warren, Michigan.
- The report noted that GM called some employees affected by the layoffs into a Slack channel and informed them that the terminations were due to “business conditions”.
General Motors (GM) has reportedly laid off over 200 salaried staff after raising its full-year earnings guidance earlier this week.
According to a Bloomberg report citing unnamed sources, the layoffs mainly were at its Tech Center in Warren, Michigan.
The company called some of the employees affected by the layoffs to a Slack channel and informed them that the terminations were due to “business conditions” and not employee performance, the report said.
The automaker reportedly looked through its white-collar ranks to identify duplicate jobs when deciding on layoffs.
GM stock rose 1% in the pre-market session at the time of writing.
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