The General Motors Company is looking to lay off 500 salaried employees, CNBC reported on Tuesday citing a letter shared by the car manufacturer's CPO Arden Hoffman.
According to the report, the decision to cut various functions across the company was communicated internally and will include a "small number of global executives and classified employees" in an effort to save $2 billion in costs over the next two years.
The figure amounts to less than 1% of the company's workforce which globally employs 81,000 salaried and 86,000 hourly workers. GM CEO Paul Jacobson in January stated that no job cuts were planned for this year.
