GM's Cruise Cuts 24% of Its Workforce

General Motors' Cruise robotaxi unit announced today that it will lay off 900 employees, or 24% of its workforce. The news follows the departure of nine executives amid an ongoing safety investigation following an inccident in which a pedestrian was dragged by one of the company's self-driving cars. CNBC reports: The company had 3,800 employees before Thursday's cuts, which also follow a round of contractor layoffs at Cruise last month. Affected employees will receive paychecks until Feb. 12 and at least an additional eight weeks of pay, plus severance based on tenure. A Cruise representative also told CNBC that the company's goal is now to work on a fully driverless L4 service, as well as relaunching ride-hailing in one city to start. In a statement, a Cruise spokesperson said, 'We shared the difficult news that we are reducing our workforce, primarily in commercial operations and related corporate functions. These changes reflect our decision to focus on more deliberate commercialization plans with safety as our north star. We are supporting impacted Cruisers with strong severance and benefits packages and are grateful to the departing employees who played important roles in building Cruise and supporting our mission.'

GM added, 'GM supports the difficult employment decisions made by Cruise as it reflects their more deliberate path forward, with safety as the north star. We are confident in the team and committed to supporting Cruise as they set the company up for long-term success with a focus on trust, accountability and transparency.'

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