General Motors Reportedly Cuts Jobs in China Amid Restructuring Effort

Key TakeawaysGeneral Motors cut jobs related to its operations in China as it adjusts its strategy in the region, Bloomberg reported Monday.GM's China operations reported a surprise loss in its latest earnings report, with company leadership saying China "remains a good asset" as GM restructures its China operations to regain profitability.CEO Mary Barra said in last month's earnings call that the number of Chinese automakers prioritizing market share over profitability is "unsustainable." General Motors (G ...