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Cruise To Slash Workforce By Nearly 50% After GM Cuts Funding To Robotaxi Operations
Autonomous vehicle company Cruise will lay off about half of its 2,100 employees and remove several top executives, including CEO Marc Whitten, as parent company General Motors shifts away from robotaxi development to focus on personal autonomous vehicles. The cuts come two months after GM said it...
Autonomous vehicle company Cruise will lay off about half of its 2,100 employees and remove several top executives, including CEO Marc Whitten, as parent company General Motors shifts away from robotaxi development to focus on personal autonomous vehicles.The cuts come two months after GM said it would stop funding Cruise's robotaxi program to save $1 billion annually. Affected workers will receive severance packages including eight weeks of pay and benefits through April. The restructuring follows an October incident where a Cruise vehicle dragged a pedestrian, leading to the suspension of its permits.
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