Cruise, the autonomous vehicle subsidiary of General Motors, is laying off 50% of its workforce, including its CEO and other top executives, as the company shifts its focus. This decision follows GM's withdrawal of funding for its commercial robotaxi initiative. Instead, GM is directing resources towards enhancing its Super Cruise hands-free driver assistance system and planning for personal autonomous vehicles. The layoffs are expected to impact over 1,000 employees and help GM save up to $1 billion annually. Remaining personnel will be retained through early April to assist in the transition.
The layoffs come nearly two months after GM said it would no longer fund the development of a commercial robotaxi business and would instead focus on building personal autonomous vehicle technology.
The automaker expects to save up to $1 billion annually by ending its Cruise robotaxi development program.
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