GM Cuts Salaried Jobs and More Could Come as it Views 2023 as Critical Year

GM Cuts Salaried Jobs and More Could Come as it Views 2023 as Critical Year

General Motors is cutting several hundred salaried jobs across the globe, most in the U.S., as it looks to flawlessly launch several new electric vehicles this year in a bid to gain new market share in the increasingly competitive space.

The automaker also plans to cut $2 billion from its costs over the next two years, and this will be part of that cost reduction.

On Feb. 22, the automaker informed employees of the job cuts in a memo obtained by the Free Press. In it, GM Chief People Officer Arden Hoffman said: "To deliver on our commitments and to beat the competition, we need to have the winning team, bar none. We need a culture shift that enables us to hold ourselves accountable for achieving the higher levels of operating that are now required."

To read more, see the Detroit Free Press.

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