General Motors slashes another 1,000 jobs to cut costs

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, but declined to specify what teams were affected. A significant majority of the layoffs were salaried employees.

“In order to win in this competitive market, we need to optimize for speed and excellence. This includes operating with efficiency, ensuring we have the right team structure, and focusing on our top priorities as a business,” the company said in a statement.

The cuts come at a time when GM and other automakers face the possibility of losing federal subsidies for their electric vehicles — a proposal that newly-elected president Donald Trump has said he’s in favor of, and one that his donor-advisor Elon Musk supports. The automaker is trying to cut losses on its EV efforts by $2 billion to $4 billion in 2025.