GM’s Cruise to cut 1,000 jobs as robotaxi service shuts down
General Motors Co. is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo and people familiar with the matter, part of a previously announced plan to halt robotaxi service and absorb the operations into its broader business.
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 Cruise’s shares in 2016 close to $10 billion. In September, Elshenawy, president and chief technologist of Cruise, threw a huge party for Cruise staffers that some read to be a sign that the company was moving forward.
General Motors on Tuesday completed its acquistion of the Cruise autonomous vehicle unit, laying off half the workforce. The ...
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GM Wants To Bring Super Cruise Self-Driving Technology To Urban RoadsGeneral Motors has taken full control of Cruise LLC—shifting its focus away from robotaxis to integrating autonomous ...
Yet Ford has quickly surpassed GM in terms of how many hands-free capable vehicles are on the roads. A lot of this comes down ...
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