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Is closure of Cruise causing GM to restructure, eliminate jobs?

  • General Motors (GM) is preparing to eliminate jobs in Israel, with layoffs already initiated at its development centre in Herzliya.
  • The closure of GM's autonomous vehicle subsidiary, Cruise, has triggered job cuts at its global hub, leading to a company-wide restructuring.
  • The reorganization aims to address redundancy and remove overlapping roles, focusing the Israel team on research and development, cyber, fleet, engagement services, and more.
  • Recent layoffs at various US locations are part of GM's cost-cutting efforts, as the company navigates challenges faced by Cruise, such as safety episodes and financial strain.

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