General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market [Yahoo! Finance Canada]
General Motors Company (GM)
Last general motors company earnings: 2/5 08:05 am
Check Earnings Report
US:NYSE Investor Relations:
gm.com/investors/index.html
Company Research
Source: Yahoo! Finance Canada
The workers, mostly white collar, were notified about the decisions early Friday. The company confirmed the layoffs in a statement but gave few details. “We need to optimize for speed and excellence,” the statement said. "This includes operating with efficiency, ensuring we have the right team structure and focusing on our top priorities." In Canada, a small number of workers were affected, the automaker said in an email. "We do not have specifics to share; here in Canada, the reductions impacted a small number of our Canadian team,” said Natalie Nankil, director of corporate and internal communications at GM Canada. 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. The company has had to develop and update gas-powered models while investing in EV battery and assembly plants as well as minerals and other parts for the next
Show less
Read more
Impact Snapshot
Event Time:
GM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GM alerts
High impacting General Motors Company news events
Weekly update
A roundup of the hottest topics
GM
News
- General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market [Los Angeles Times (CA)]Los Angeles Times
- Could the flux capacitor solve hydrogen storage on Class 8 trucks? [Yahoo! Finance]Yahoo! Finance
- GM lays off 1,000 employees for second time in three months [Yahoo! Finance]Yahoo! Finance
- GM cuts 1,000 jobs globally, mostly salaried but some hourly, in move to gain efficiency [Yahoo! Finance]Yahoo! Finance
- GM lays off 1,000 employees amid reorganization, cost-cutting [MSNBC.com]MSNBC.com
GM
Earnings
- 10/22/24 - Beat
GM
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form 144
- 11/8/24 - Form 4
- GM's page on the SEC website