General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.

General Motors is laying off nearly 1,000 workers in the U.S. as part of a cost-cutting bid, just three months after cutting 1,000 software jobs. The company told TechCrunch that cuts won't affect hourly workers at any of its factories,

General Motors (GM) has announced plans for another round of workforce reductions. According to the company's statement issued to AP, GM intends to lay off approximately 1,000 employees as part of an effort to "optimize for speed and excellence" across its operations.

General Motors confirmed that it is laying off about 1,000 workers. Most of the workers, which are spread around the world, are in white collar jobs. The company emailed affected workers early Friday morning. A majority of them are in the Detroit area.

We are grateful to those who helped establish a strong foundation that positions GM to lead in the industry moving forward.” This latest round of layoffs follows the dismissal of over 1,000 salaried employees in GM’s software and services division in August.

General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. View on euronews