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GM lays off more than 1,000 salaried software and services employees
GM is laying off more than 1,000 salaried employees in its software and services unit following a review to streamline the operations, CNBC has learned.
DETROIT – General Motors is laying off more than 1,000 salaried employees globally in its software and services division following a review to streamline the unit's operations, CNBC has learned. GM declined to disclose the entire number of layoffs, but a source familiar with the action confirmed more than 1,000 salaried employees would be laid off, including 600 in Warren, Michigan. Software, specifically monetizing it, has been a major focus for automakers, including GM, as it eyes recurring revenue opportunities such as subscriptions to boost profits.
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