General Motors has laid off more than 10% of its IT department, or about 600 salaried employees – in a deliberate skills swap: clearing out workers whose expertise no longer fits and making room for some with AI-focused backgrounds. GM confirmed to TechCrunch that it had conducted layoffs; they were first reported by Bloomberg News.
In an emailed statement, the automaker framed the layoffs as a…
General Motors (GM) reports a record $41.9 billion in Q3 2022 revenue and reaffirms earnings guidance
October 26, 2022
GM shared its Q3 2022 financial report today, which is highlighted by an EBIT-adjusted $4.3 billion bolstered by a quarterly revenue of $41.9 billion. As a result, the American automaker has reaffirmed its full-year earnings guidance as it continues to scale its Ultium…
