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Joining other tech firms who are cutting their work force, General Motors made performance related job-cuts. The layoff is reported to affect around 500 employees of the company

General Motors is cutting hundreds of executive-level and salaried jobs as it looks to cut costs and streamline operations, a person briefed on the matter told Reuters on Tuesday.

The layoffs at General Motors have reportedly happened as the company wants to cut its costs in the event of a gloomy global economic situation

General Motors Co. is making performance-related job cuts among salaried employees and executives.

General Motors is eliminating a "small" but unspecified number of salaried and executive positions in what it says is a performance-related action.

Reductions come amid EV push -- and a month after top executives said the company wasnt planning any layoffs this year despite economic pressures.

On Tuesday, GM cut part of its U.S. salaried workforce and will cut more jobs Wednesday globally for those who do not meet new performance standards.

Automaker General Motors (GM) is laying off hundreds of workers from the company as it follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits, the media reported.Announced internally on ...