General Motors Co. is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo ...
In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of ...
GM is laying off roughly 1,000 employees at its Cruise autonomous vehicle unit, cutting nearly 50% of its workforce.
With Cruise goes the company’s aspiration of using robotaxi fares to help double revenue by 2030. Instead, GM will focus its cash and resources on share buybacks and its electric vehicle (EV ...
Defunct robotaxi company Cruise has ... and personally owned autonomous vehicles. Cruise held an all-hands meeting today, in which it announced that GM had acquired full control of the company.
General Motors (GM), which acquired autonomous vehicle company Cruise, has announced that almost half of all staff within the Cruise division are to be let go, as it calls an end to its robotaxi ...
General Motors (GM) is laying off around half of the workforce from its discontinued Cruise robotaxi business, following its decision to shut ...
General Motors Co. is cutting about half of the workforce in the Cruise driverless ... The moves follow GM’s announcement in December that it would no longer pursue robotaxi development, citing ...
that it has completed its acquisition of GM Cruise Holdings LLC following the approval of GM’s merger offer by the Cruise board of directors. Cruise is now a wholly-owned subsidiary of GM.
With Cruise goes the company’s aspiration of using robotaxi fares to help double revenue by 2030. Instead, GM will focus its cash and resources on share buybacks and its electric vehicle ...
part of a previously announced plan to halt robotaxi service and absorb the operations into its broader business. Several of Cruise’s leaders, including Chief Executive Officer Marc Whitten ...
GENERAL Motors (GM) is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo and sources familiar with the matter, part of a previously announced plan ...