GM, Cruise

Cruise to slash workforce by nearly 50% after GM cuts funding to robotaxi operations
In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of Cruise’s shares in 2016 close to $10 billion. In September, Elshenawy, president and chief technologist of Cruise, threw a huge party for Cruise staffers that some read to be a sign that the company was moving forward.
GM cuts 50% of Cruise staff after ending robotaxi business
General Motors is laying off off roughly half of its employees who remain at its discontinued Cruise robotaxi business.
GM’s Cruise to cut 1,000 jobs as robotaxi service shuts down
Several of Cruise’s leaders, including Chief Executive Officer Marc Whitten, will leave this week in the overhaul.
GM’s Cruise to Slash 1,000 Jobs as Robotaxi Service Shutters
General Motors is cutting almost half of the workforce in its Cruise driverless car unit, according to an internal memo and people familiar with the matter, part of a previously announced plan.
Cruise to cut half its workforce, shift under General Motors - TechCrunch
Autonomous vehicle firm Cruise is set to lay off 50% of its staff, including its CEO and several other executives, as it prepares to cease operations, TechCrunch reported, citing sources. The remaining portion of Cruise will be integrated into parent company General Motors (NYSE: NYSE:GM),
Cruise cuts 50% of staff after integration with GM
Cruise division is letting go of 50% of its staff, including the CEO and other top executives – as the robotaxi division is absorbed into the parent company, according to TechCrunch. At the end of last year,
GM takes full control of Cruise in autonomous personal vehicle shift
GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology ...
GM cuts 1,000 jobs from Cruise, its abandoned self-driving taxi division
General Motors on Tuesday completed its acquistion of the Cruise autonomous vehicle unit, laying off half the workforce. The ...
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Cruise Robotaxis Are Dead, But Their Tech Will Live On in GM Cars You Can Buy
GM completes its acquisition of Cruise, which means a brutal 50% reduction in workforce. Those remaining will work on ...
Cruise announces layoffs as GM acquires defunct robotaxi company
Defunct robotaxi company Cruise has begun to lay off employees today, sources tell The Verge. The layoffs come two months ...
GM Axes Half of Cruise as It Ditches Robotaxi Business
The robotaxi business is largely being abandoned in favor of autonomous technology for personal vehicles—specifically, GM’s ...
General Motors acquires full ownership of Cruise autonomous business
General Motors has finalized the complete acquisition of its Cruise autonomous vehicle unit to focus on developing the ...
GM finalizes Cruise acquisition as layoffs loom for workers
General Motors is slashing Cruise's workforce by half after buying out all other remaining shareholders of the autonomous ...
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GM Lays Off Half of Remaining Cruise Workforce Amid Shift in Strategy
The layoffs come two months after GM announced it will focus on developing Cruise's autonomous tech for personal cars, rather ...