General Motors has started telling affected workers it will cut about 500 to 600 white-collar jobs in its global information technology unit as it seeks to reduce costs and make room for other tech skills. [1, 2]
The layoffs affect offices around the world and began on May 11, according to the facts provided. GM said the cuts reflect a transformation of the IT department and are meant "to better position the company for the future." [1, 2]
GM is also changing how its IT development work is organized. The company is pushing to improve vehicle computing and software capabilities and to bring more artificial intelligence into business operations. [1, 2]
The cuts come as GM also trims its electric-vehicle business in response to slower demand. The company has taken $8.7 billion in EV business writedowns, and its shares fell on Monday after the latest reports, including a 4.45% drop cited by one source and a 3.9% decline at 12:27 p.m. New York time in another. [1, 2]
One report said the reductions cover more than 10% of the IT department, while the broader estimate remains about 500 to 600 workers. GM had not given a separate public breakdown beyond confirming some roles were being cut. [3, 1, 2]
