Illustration by Alex Castro / The Verge
A letter from CEO Mary Barra sent to GM workers on Thursday offered buyouts to many of its 58,000 employees, saying the company plans to trim $2 billion in fixed costs over the next two years. GM announced its plan to cut costs in January, on the same earnings call where it announced a record income of $14.5 billion for 2022. GM plans to spend billions over the next few years transitioning to building electric cars and making other changes.
It’s not alone in making that shift either — Ford announced Read Entire Article
