General Motors is ambitiousAccording to a Bloomberg report on Thursday, the division will fire 8% of its workforce.
The company thatIn the past year, the layoffs will mainly focus on departments outside of engineering and development. Cruise did not immediately return Roadshow̵
According to Bloomberg’s census, the company has 2,000 employees, which means that around 160 of them will be fired. Those affected will receive transition assistance and healthcare benefits for the rest of the year, according to an email memocleverly.
General Motors Cruise AV is more than a bolt without a steering wheel
“These changes are the right choice for the mission,” the memo says.
The self-driving technology business is valued at approximately $ 19 billion and was invested by companies likeand Japan’s SoftBank Vision Fund. The company showed its specially built hail vehicle, the , in January, has not yet used a self-driving hail service. The company had originally planned an appointment for 2019, but GM pushed back the plans and hasn’t set a new goal since.