Cruise laying off half its workforce as it prepares to shut down operations: report
- General Motors is laying off roughly half of its employees at its discontinued Cruise robotaxi business.
- Cruise announced it would part with approximately 50% of its workforce due to a change in strategy.
- GM expects to save up to $1 billion annually by ending its Cruise robotaxi development program.
- CEO Marc Whitten and other key executives will leave Cruise this week.
27 Articles
27 Articles
Failed Robotaxi Company Laying Off Workforce
Time of Death General Motors' robotaxi company Cruise has begun laying off half of its workforce, The Verge reports — a nail in the coffin for the company, two months after General Motors pulled its funding. GM has announced that it's acquired "full ownership" over the once-promising startup, while doubling down on the advancements of its assisted-driving feature Super Cruise. Once hailed as a pioneer in the autonomous ride-hailing service space…
Cruise laying off half its workforce as it prepares to shut down operations: report
SAN FRANCISCO (KRON) -- Autonomous robotaxi company cruise is laying off nearly half of its employees, according to reports. Cuts extend to the company's CEO and other top executives as the company prepares to wind down operations, according to TechCrunch. The layoffs come on the heels of news that General Motors has acquired full ownership of the company. As a wholly owned subsidiary of GM, Cruise will "work collaboratively on autonomous vehicl…
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