Gm Layoffs 2024 October. Gm is trimming its software teams globally by more than 1,000, possibly up to 1,500. Gm has been seeking to reposition itself as a leader in electric vehicles and software, which are both costly.

Gm said it is on track to reach its goal of cutting $2 billion in fixed costs by the end of this year. The layoffs on friday affected both salary and hourly gm employees and impacted multiple departments.