GM offers voluntary buyouts to US salaried workers, expects $1.5B charge

General Motors (GM) is laying out its plan to extract $2 billion in cost savings, and reductions in its labor force will be a big part of it. “This voluntary program offers eligible employees an oppor...

General Motors Offers ‘Majority’ Of Salaried Staff Buyouts

Topline General Motors is offering thousands of U.S. salaried employees buyouts, the company announced Thursday, months after the Detroit-based auto-maker said it was attempting to cut costs by $2 bil...

GM offers buyouts to ‘majority’ of U.S. salaried workers

Mary Barra, CEO of General Motors at the NYSE, November 17, 2022. Source: NYSE DETROIT – General Motors will offer voluntary buyouts to a “majority” of its U.S. white-collar employees, as ...

General Motors cuts 500 salaried employees

Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT – General Motors is cutting hundreds of salaried positions as it follows other major companies, including competitors, in downs...

Stitch Fix CEO steps down, 20% of salaried workforce to be cut

Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix founder Katrina Lake on Thursday told employees the company will be cutting 20% of its salaried workforce and she will reassume her post ...

1,000 salaried Ford workers retire after pension warning from automaker

DETROIT – Retirement-eligible salaried employees at Ford were warned and advised about retiring this year to maximize a lump sum pension payment. The company confirmed Wednesday that approximately 1,0...

Ford Plans to Cut Several Thousand Salaried Jobs

Ford Motor Co. is planning to cut several thousand white-collar workers as it looks to trim costs to position the company for a long-range transition to electric vehicles, according to people familiar...

Ford cuts 580 U.S. salaried, agency workers as it restructures for EVs

Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT – Ford Motor is cutting 58...

Home Depot cut its overall workforce but boosted salaried employees by 20% last year

Home Depot Inc. HD, -1.62% disclosed that it cut its overall workforce by 2.8% in the fiscal year ended Jan. 30, 2022, while increasing the number of salaried employees by 19.9%. In the home improveme...