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2025-10-24 22:24:01
General Motors cuts over 200 jobs to reduce costs and increase efficiency in response to tariff headwinds. General Motors cut hundreds of jobs on Friday, just days after it raised its full-year profit guidance, sending its stock price soaring. According to people familiar with the matter, GM laid off over 200 salaried employees, primarily at its technical center in Warren, Michigan. The people, who requested anonymity to discuss private information, said the news was communicated around 7 a.m., and the company notified some affected employees via a Slack channel, stating that the layoffs were due to "business conditions" and not related to individual performance. General Motors has been streamlining its structure to improve profits as automakers grapple with the ever-changing policies of U.S. President Trump. While tariffs have pushed up costs, most automakers have failed to offset them with price increases. GM reported better-than-expected third-quarter earnings earlier this week, sending its stock price to its biggest one-day gain in more than five years.
