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General Motors cuts 500 salaried employees - TL;DR CNBC

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: GMSTLAM-ITRIVNSTLAF

Keywords: businesstransportationpaul jacobsonmary barraautoslayoffsrivian automotive incstellantis nvbreaking news: businessford motor cogeneral motors cobusiness news

Source: https://www.cnbc.com/2023/02/28/general-motors-layoffs.html


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