GM laying off nearly 1,000 workers, most in US, source says

General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market

General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The workers, mostly white collar, were notified about the decisions early Friday. GM and other automakers have been navigating an uncertain transition to electric vehicles both in the U.S. and worldwide, trying to figure out where to invest capital and how fast the switch will happen.

Associated Press Finance

•

27 minutes ago