The headquarters of the American automobile company General Motos (GM) is located in Detroit, Michigan.
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Detroit – general motors The automaker laid off more than 200 salaried employees on Friday as it continues to overhaul its business and cut costs in a bid to boost profits.
GM said most of the affected employees were computer-aided design (CAD) engineers who worked at the company’s Global Tech campus in metro Detroit.
“We are restructuring our design engineering team to strengthen our core architectural design engineering capabilities,” GM said in an emailed statement. “As a result, many CAD execution roles have been eliminated. We recognize the efforts and accomplishments of the affected team members and thank them for their contributions.”
GM declined to comment on the number of employees affected, but sources confirmed to CNBC that the number first reported by Bloomberg News was more than 200. The person spoke on condition of anonymity because the number had not yet been released.
Employees were told their roles were being removed because of “business conditions” rather than performance. microsoft Officials said the team will call him on Friday.
The Detroit automaker has periodically reviewed its business units and organization over the years in an effort to reduce costs, increase profits and eliminate roles considered unnecessary or overstaffed for future business operations.
The recent job cuts represent a small fraction of automakers’ salaried workers, but the trend of U.S. white-collar job cuts continues. GM’s U.S. salaried workforce fell from 53,000 in 2023 to 50,000 at the end of last year.
GM’s job cuts also come a day after the all-electric car maker Rivian The company has laid off more than 600 people, or about 4.5% of its workforce, and restructured some teams as the EV market faces increasing challenges amid policy changes and lower-than-expected demand.
The latest cuts come after President Donald Trump touted on social media on Friday: ford motor He said GM and General Motors are “significantly increasing their tariffs” as tariffs changed last week for what he called “large and medium-duty trucks.”
Both Ford and GM, including CEO Mary Barra, this week praised the tariff changes, which include expanded offsets for U.S.-produced vehicles, but automakers still face additional costs from the tariffs. These changes simply help reduce additional costs.
The job cuts come days after GM raised its 2025 financial outlook on Tuesday. The numbers beat Wall Street’s expectations for the highest third-quarter profit and bottom line, and gave the company’s stock its second best day on the market since emerging from bankruptcy in 2009.
GM’s stock is up more than 29% this year, while Ford’s is up about 38%. Both hit new 52-week highs on Friday.
