GM lays off hundreds of workers while restructuring its design engineering team
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GM lays off hundreds of workers while restructuring its design engineering team
"We're restructuring our design engineering team to strengthen our core architectural design engineering capabilities,"
"As a result, a number of CAD execution roles have been eliminated."
"We recognize the efforts and accomplishments of the impacted team members, and we thank them for their contributions."
"These are not changes that were made lightly,"
General Motors cut a low-hundreds number of design engineering roles, primarily at its Tech Center in Warren, Michigan, and notified impacted employees on a Friday morning. The company said the restructuring aims to strengthen core architectural design engineering capabilities and that a number of CAD execution roles were eliminated. GM expressed appreciation for the contributions of affected team members. Three days before the layoffs, GM reported strong third-quarter earnings, raised its profit outlook, and saw its stock surge 15%, citing reduced tariff pressure and smaller electric-vehicle losses.
Read at Business Insider
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