GM's Cruise to lay off 50% of its workforce
2025-02-05 11:26:55

General Motors will lay off about half of the remaining employees of its Cruise self-driving cab project, according to CNBC.

In a statement, Cruise said it will lay off 50% of its workforce while thanking its employees for their enthusiasm and contributions, with a focus on moving them into the next chapter through severance pay and career support.

Since acquiring Cruise in 2016, GM has invested about $10 billion.

Last December, GM announced it was adjusting its self-driving strategy by abandoning its robotaxi business.

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