General Motors

About General Motors

General Motors is a global company committed to delivering safer, better and more sustainable ways for people to get around. General Motors designs, builds and sells cars, trucks, crossovers and automobile parts.

CEO: Mary Barra

Year Established: 1908

Last Year's Revenue (in billions): $122.5

Stock Symbol: GM

Headquarters Location: Detroit, MI

*As of 2023-11-20

Recent Layoff Information

Total Employees	Employees Laid Off (Estimated Yearly Total^[1])	Date of Last Layoff
155,000	3,412	December 2023

Total Employees	155,000
Employees Laid Off (Estimated Yearly Total^[1])	3,412
Date of Last Layoff	December 2023

Layoffs This Year

Layoffs Past 5 Years

Compared to All Companies

Note: Amazon and Walmart data ommited due to size.

Compared to All Companies as a Percentage (layoffs/employees)

Note: Amazon and Walmart data ommited due to size.

Compared to Sector

Compared to Sector As a Percentage (layoffs/employees)

Are More Layoffs Expected?

Reason for Layoffs

To align production with market demand and invest in electric and autonomous vehicles

Articles

Motor City Blues: GM Layoffs

December 14, 2023

Reality Check for Self Driving Dreams

December 14, 2023

The Great Pause: Inside the Fortune 500 Hiring Slowdown

December 29, 2023

When Snowflakes Turn to Severance Papers: The Most Grinchy Layoffs in Festive History

December 25, 2023

The Robot in the Room: AI and the Looming Shadow over 2024 Jobs

December 21, 2023

Our Top 10 Layoffs by Percentage in 2023

December 20, 2023

Unveiling the Stealthy World of Soft Layoffs

December 20, 2023

New Graduates Guide to Navigating the 2024 Workforce

December 18, 2023

Amidst Layoff Fog, Beacons of Hope: States with Sunshine in the 2024 Job Market

December 17, 2023

Conversations

Thursday 14th of December 2023 07:31:15 PM

Best of luck to all of those affected!

Be strong. You will do just fine.

1 0

[1]Layoff totals are the totals over the past year and not most recent round of layoffs. Totals will not be exact as it is not possible to track at that level of detail in real time. All information is gathered from SEC filings, WARN notices, news articles, social media posts, and users who post on our site. Layoffinsider uses various ai tools to help gather the data which is then reviewed by humans and cross checked for validity. If you suspect there is incorrect data then please reach out to us for prompt investigation. We want to be the number one trusted source for tracking layoffs.

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