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GM to Cut Hundreds of IT Workers
Job Cuts Come as GM Works to Grow Profit as Sales Stagnated in Q1
General Motors Co. plans to cut hundreds of salaried workers from its information technology ranks in an effort to trim costs and clear the way to bring in staff with skills in other technology areas.
The reductions will affect about 500 to 600 employees, according to people familiar with the matter. Management began notifying affected employees the morning of May 11, said the people, who asked to not be identified discussing the private matter.
GM confirmed it was eliminating some jobs in response to inquiries from Bloomberg News. The reductions stem from an effort to transform its information technology department to better position the company for the future, GM said in a statement.
The cuts come as the automaker works to grow profits even as U.S. sales stagnated to start the year. GM in October trimmed hundreds of salaried workers, in addition to thousands of blue-collar staff who were laid off as GM’s investments in electric vehicles went sour.
