Nearly 500 Workers Lost their Jobs in 1 Month!!! Check the Reason Behind the Layoff Process: Since January 2023, many Tech companies have been announcing their layoff news due to the economic recession. Tech giants like Google, Apple, Microsoft, and more companies have announced layoffs. Recently, the automotive giant has also announced its layoff news.
General Motors company one of the leading Multinational Automotive manufacturing company has announced its layoff news. The company plans to lay off nearly 500 of its employees. This news is officially announced to its employees internally. The company wants to reduce its cost of spending due to the economic slowdown.
The layoff is seen as an unusual one because last month GM CEO Mary Barra and CFO Paul Jacobson have told that the company is not planning any layoffs. But after a month this lay-off news is announced, and this makes the company employees to worry about the unusual layoffs.