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General Motors Co [(GM.N)](https://www.reuters.com/companies/GM.N) is cutting hundreds of executive-level and salaried jobs as it looks to cut costs and streamline operations, a person briefed on the matter told Reuters on Tuesday. The global reductions are in the "low hundreds," the person said. GM Chief People Officer Arden Hoffman said in a letter to employees on Tuesday the Detroit automaker is "committed to $2 billion in cost savings in the next two years, which we’ll find by reducing corporate expenses, overhead, and complexity in all our products." https://www.reuters.com/markets/ ... e-costs-2023-02-28/ |
