General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.The workers, mostly white-collar, were notified about the decisions early Friday. The company confirmed the layoffs in a statement but gave few details. 3 GM and other automakers have been navigating an uncertain transition to electric vehicles (above). AFP via Getty Images“We need to optimize for speed and excellence,” the statement said. “This includes operating with ef ...

In Brief General Motors is laying off nearly 1,000 workers in the U.S. as part of a cost-cutting bid, just three months after cutting 1,000 software jobs.The company told TechCrunch that cuts won’t affect hourly workers at any of its factories, but declined to specify what teams were affected. A significant majority of the layoffs were salaried employees. “In order to win in this competitive market, we need to optimize for speed and excellence. This includes operating with efficiency, ensuring we have the ...

General Motors’ self-driving car unit, Cruise, admitted on Thursday to submitting a false report to influence a federal investigation and will pay a $500,000 criminal fine as part of a deferred prosecution agreement, the justice department said.The department said Cruise failed to disclose key details of an October 2023 crash to the National Highway Traffic Safety Administration (NHTSA) in which one of its robotaxis in San Francisco struck a pedestrian after she was hit by another vehicle and dragged her 20 ...

The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021.DETROIT – General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the decision.The layoffs, which were announced Friday morning to those impacted, were across the business. Some were due to poor performance, while others were part of a review to reorganize priorities by the automa ...

Cruise, the autonomous vehicle unit of General Motors, has admitted to submitting a false report with the goal of influencing a federal investigation into a safety incident last year. In penance, the company will pay a $500,000 criminal fine as part of a deferred prosecution agreement, per the Department of Justice (DOJ). This is one of several state and federal fines Cruise has been hit with after omitting crucial information related to that October incident, during which a Cruise robotaxi ran over a pedes ...

General Mills, Inc. (GIS) is bolstering its pet food strategy with the $1.45 billion acquisition of Whitebridge Pet Brands' North American premium Cat feeding and Pet treating business from NXMH. This strategic move aligns with the company's Accelerate growth strategy, which focuses on expanding its presence in core markets, leveraging global platforms and nurturing local brands to drive sustainable, profitable growth and deliver longterm shareholder value. The acquisition includes two leading brands in the ...

ALUULA Composites Provides General Corporate Update and Announces the Appointment of Dr. Tyler Cuthbert as Chief Scientific OfficerNovember 14, 2024 6:00 PM EST | Source: ALUULA Composites Inc.Victoria, British Columbia--(Newsfile Corp. - November 14, 2024) -  ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") today provides a general corporate update."We remain committed to our ambitious growth plans, concentrating on areas that will deliver real impact for our business. A crucia ...

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Can the company convince investors that its problems are fixable?Less than a year ago, things were good for Dollar General (DG 2.21%) shareholders. The stock traded around $150 per share. But it has now dropped more than 50% from its highs in 2024 and the sell-off has gotten worse since the U.S. presidential election even though stocks are generally soaring.Moreover, it's been a great five-year run for the S&P 500, with the index up close to 100%. But Dollar General stock is down about 50% during this time. ...