GM Is Laying Off 1,700 Workers, Report Says. Blame EVs.

Published 1 week ago Neutral
GM Is Laying Off 1,700 Workers, Report Says. Blame EVs.
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On Wednesday, CNBC reported that General Motors will lay off 1,700 workers, citing EV weakness. GM didn’t immediately respond to a request for comment. GM recently took $1.6 billion in write-offs, reflecting expectations of lower demand and profitability for its EV business.

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