GM lays off more than 1k salaried software and services employees
General Motors is laying off over 1,000 employees in its software division, including 600 at its Warren campus, representing 1.3% of its workforce, amid a strategy to streamline operations.
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General Motors (GM) is laying off over 1,000 salaried employees in its software and services division as part of a strategy to streamline operations. This includes approximately 600 job cuts at GM's tech campus in Warren, Michigan. The layoffs account for about 1.3% of GM's global salaried workforce, which stood at 76,000 at the end of the previous year. The decision follows a leadership change in the division, with former Apple executive Mike Abbott departing due to health reasons. GM's spokesperson emphasized the need to simplify operations and prioritize impactful investments. The software and services division encompasses various areas, including infotainment and subscription services, which GM is focusing on to enhance recurring revenue. The layoffs come amid broader industry trends where automakers are reducing costs and headcount in response to potential downturns while investing heavily in electric vehicles and software-defined technologies.
- GM is laying off over 1,000 employees in its software and services division.
- Approximately 600 of the layoffs are at GM's tech campus in Warren, Michigan.
- The layoffs represent about 1.3% of GM's global salaried workforce.
- The decision follows recent leadership changes in the software division.
- GM is focusing on software monetization and subscription services for revenue growth.
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6 commentsFeel like there's a massive recession coming and it's time to hold onto my job as long as possible, sell my house and start a company.
Aiming for 10 - 15 years of runway (without tapping into my retirement accounts) to make this succeed.
Already learned Software Development, now it's time to learn Copy, Marketing, Sales, Accounting, Recruiting, Networking, Social Skills, etc.
That being said, no idea if him leaving back in March has anything to do with this layoff.
I, for one, am sick and tired of this business model. I have no desire to rent things for the rest of my life - and I won't.
I suppose the good news is this obnoxious rent-seeking is one of the symptoms of late-stage capitalism.
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