GM cuts 50% of Cruise staff after ending robotaxi business
About half of the workers at General Motors' now-defunct Cruise robotaxi division will be let go.
The announcements follow two months after GM announced it will no longer finance Cruise, having spent over $10 billion since acquiring the self-driving vehicle company in 2016.
In an email message, Cruise announced today that it had made the difficult decision to let go of about half of its employees. We appreciate their enthusiasm and contributions in getting us to this point, and we are committed to helping them move forward with severance benefits and career guidance.
As of the end of last year, Cruise employed close to 2,300 people, a GM representative previously told CNBC.
"The 50% reduction came as a result of the change in strategy we announced in December," Cruise President and Chief ...