Cruise Shifts Gears: Major Layoffs as GM Cuts Robotaxi Funding
In a major strategic pivot, Cruise, the autonomous vehicle subsidiary of GM, is laying off over 1,000 employees, including CEO Marc Whitten. This decision comes as GM reallocates resources from robotaxi development to enhance personal autonomous vehicle technologies after facing regulatory setbacks and a damaging 2023 incident. The layoffs aim to save up to $1 billion annually and reshape Cruise's operational focus.
Feb 10