Reuters said General Motors will cut jobs by “hundreds,” and then The Detroit News confirmed that a month after GM CEO Mary Barra said “there are no plans to cut jobs,” the Detroit automaker will cut about 500 executives and salaried positions in various functions.
Of course, those 500 employees are less than 1 percent of the company’s total salaried workforce, and GM says the cuts come after a performance review that will affect “a small number of global executives and employees as part of our overall structural cost-cutting efforts.”
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GM already had about 86,000 hourly and 81,000 salaried employees worldwide as of December 2022.
“Today’s actions follow our recent performance calibration laws and achieve an optimized attrition curve as part of our overall structural cost reduction efforts.” David Barnas, a spokesman for the company, said in a statement, “This action affects only a small percentage of salaried employees and executives worldwide.”
GM Chief Human Resources Officer Arden Hoffman said: “We are considering all ways to improve efficiency and performance. This week, based on our recent performance calibration, we will take action on a relatively small number of global executives and confidential employees. They will be leaving the company starting today.”