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Dubai News Club > Tech > GM will give the majority of its US team cash if they quit in the next two weeks
Tech

GM will give the majority of its US team cash if they quit in the next two weeks

Press Room
Last updated: 2023/03/09
Press Room
Published: March 9, 2023
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A letter from CEO Mary Barra sent to GM workers on Thursday offered buyouts to many of its 58,000 employees, saying the company plans to trim $2 billion in fixed costs over the next two years. GM announced its plan to cut costs in January, on the same earnings call where it announced a record income of $14.5 billion for 2022. GM plans to spend billions over the next few years transitioning to building electric cars and making other changes.

So far, GM’s progress hasn’t gone smoothly —…

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