General Motors (GM) announced the layoff of around 1,000 employees worldwide to reduce costs.
Workers, most of them in administrative areas, were notified about the decision this Friday morning.
The American automaker confirmed the layoffs in a statement, but gave few details.
Continues after advertising
“We need to optimize for speed and excellence,” says the statement. “This includes operating efficiently, ensuring we have the right staffing structure and focusing on our key priorities.”
According to CNBC, the layoffs were business-wide. Some were due to low performance, while others were part of a review to reorganize the automaker’s priorities, according to the source heard by the portal.
The company is targeting $2 billion in fixed cost reductions this year as it grapples with slowing U.S. sales, deteriorating business in China and a shift in its “all-in” strategy for electric vehicles amid adoption. slower than expected by the consumer.
Continues after advertising
In August, the company had also reported laying off more than 1,000 salaried employees across its software and services units around the world.
(with Estadão Conteúdo and international agencies)
Ricardo Bellino from Ensina
How to negotiate and persuade
Learn the art of persuasion from an elite negotiator; learn how to influence and convince people with the strategies of Ricardo Bellino, one of the biggest dealmakers in Brazil.
