Cruise to slash workforce by 50% after GM cuts funding to robotaxi operations

Autonomous vehicle company Cruise is laying off 50% of its workforce — cuts that extend to the CEO and several other top executives — as it prepares to shut down operations. What remains of Cruise will move under parent company General Motors as the automaker directs its resources towards improving its hands-free driver assistance system Super Cruise — and eventually rolls out personal autonomous vehicles. The layoffs were announced by Craig Glidden, Cruise’s president and chief administrative officer, acco ...