Cruise to slash workforce by nearly 50% after GM cuts funding to robotaxi operations
In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of ...
GM Authority5d
GM Takes Full Ownership Of Cruise
General Motors is taking full ownership of GM Cruise Holdings LLC, which will be absorbed into the development team working on the Super Cruise driving system.
GM lays off half of Cruise employees as it shifts focus to advanced driver assistance
General Motors Co. is cutting about 50% of the workforce of its former Cruise self-driving car unit just shy of two months ...
Yahoo Finance5d
Cruise to slash workforce by 50% after GM cuts funding to robotaxi operations
Individuals who were affected received a separate email from Cruise Chief Human Resources Officer Nilka Thomas. The layoffs come nearly two months after GM said it would no longer fund the development ...
General Motors’ robotaxi unit lays off half of its staff, including CEO and CTO
General Motors’ Cruise will lay off about 1,000 employees, including CEO Marc Whitten, as it shifts focus from robotaxi to ...
SiliconRepublic5d
GM cuts nearly half of Cruise staff as robotaxi business grinds to a halt
General Motors has revealed it will be ending the robotaxi business aspect of Cruise and will be laying off nearly half of the workforce.
What the Options Market Tells Us About General Motors
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options ...
Indiatimes4d
General Motors’ robotaxi unit lays off half of its staff, including CEO and CTO
with resources redirected to GM’s Super Cruise system, aiming for $1 billion in annual savings. FILE - Cruise AV, General Motor's autonomous electric Bolt EV, is seen on Wednesday, Jan. 16 ...