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GM's Cruise slashes contractor roles after driverless car suspension - TL;DR CNBC

GM's Cruise slashes contractor roles after driverless car suspension

Publishing timestamp: 2023-11-09 10:22:30


Summary

Cruise, a driverless ridehailing service owned by General Motors, announced layoffs affecting contract workers who worked on its driverless operations. The layoffs included those who helped with cleaning vehicles, fleet charging, and customer support. The company did not disclose the specific number of layoffs. The announcement comes after safety concerns and incidents, including a pedestrian collision and the suspension of deployment and testing permits by the California Department of Motor Vehicles. General Motors reported a loss of $1.9 billion on Cruise in the third quarter.


Sentiment: NEGATIVE

Tickers: GM

Keywords: general motors cobreaking news: technologyartificial intelligencebusiness newstechnologydriverless cars

Source: https://www.cnbc.com/2023/11/09/gms-cruise-lays-off-contractors-after-suspending-self-driving-cars.html


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