General Motors cuts 500 salaried employees
Publishing timestamp: 2023-02-28 18:08:14
Summary
General Motors is cutting hundreds of salaried positions in order to save money and boost profits. The cuts affect about 500 positions and are across various functions of the company. Ford Motor and other companies have also made salaried cuts recently.
Sentiment: NEGATIVE
Tickers: GM, STLAM-IT, RIVN, STLA, F,
Keywords: business, transportation, paul jacobson, mary barra, autos, layoffs, rivian automotive inc, stellantis nv, breaking news: business, ford motor co, general motors co, business news,
Source: https://www.cnbc.com/2023/02/28/general-motors-layoffs.html