General Motors notified between 500 and 600 salaried IT employees of layoffs on May 11, 2026. The automaker is cutting these white-collar positions to reduce costs and restructure its technology division. Management stated the move will transform the department to better position the company for the future.
This workforce reduction follows previous job cuts as GM faces slowing demand for electric vehicles. The company is also contending with increased labor costs from a new union contract.
GM stock fell approximately 4% during trading on May 11, 2026. The price drop indicates a direct market reaction to the restructuring news.