Overview
- The company confirmed Friday layoffs in the low hundreds tied to a reorganization of its design engineering team.
- A source told CNBC the total exceeds 200, while GM declined to disclose a precise headcount publicly.
- Most affected employees were CAD engineers based at the Warren, Michigan tech center, and notices cited “business conditions” rather than performance.
- The move follows GM’s strong third-quarter results and a guidance raise earlier this week, with shares hitting a 52-week high on Friday.
- Tariff adjustments are easing some added costs for automakers, and Rivian separately said it will cut about 600 jobs, or roughly 4.5% of its workforce.