Cash cow to money pit: Why GM decided to let Cruise go
GM just over a year ago said Cruise would be a $50 billion per-year business. The company never made money and its parent ...
GM takes full control of Cruise in autonomous personal vehicle shift
GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology ...
GM Authority6d
GM Takes Full Ownership Of Cruise
GM is taking full ownership of GM Cruise Holdings LLC now that the Cruise Board of Directors has approved GM’s merger offer. Previously, General Motors owned about 90 percent of Cruise ...
The Robot Report5d
Cruise cuts nearly half of staff as GM focuses on consumer AVs
The latest layoffs at Cruise extended all the way to top leadership, as GM prioritizes engineering talent moving forward.
Hoodline5d
Cruise Slashes Workforce by Almost 50% Amid Shift in GM's Autonomous Vehicle Strategy
Cruise is laying off about 50% of its workforce, affecting nearly 1,000 employees, as GM shifts focus to other automotive ...
TechCrunch6d
Cruise to slash workforce by nearly 50% after GM cuts funding to robotaxi operations
that it has completed its acquisition of GM Cruise Holdings LLC following the approval of GM’s merger offer by the Cruise board of directors. Cruise is now a wholly-owned subsidiary of GM.
USA Today6d
GM cuts 1,000 jobs from Cruise, its abandoned self-driving taxi division
Those laid off were based in California, Arizona and other locations. A GM spokesman said fewer than 20 Michigan workers were laid off in the move. Laid-off Cruise employees were informed Tuesday as ...
Yahoo Finance7d
Cruise to slash workforce by 50% after GM cuts funding to robotaxi operations
Individuals who were affected received a separate email from Cruise Chief Human Resources Officer Nilka Thomas. The layoffs come nearly two months after GM said it would no longer fund the ...