GM CFO: No layoffs planned for 2023 - Breaking The News

GM CFO: No layoffs planned for 2023

31 January

1 min read

EPA/JUSTIN LANE

General Motors Co. Chief Financial Officer Paul Jacobson said on Tuesday at a conference call following the quarterly earnings release that even though the company is planning to cut $2 billion in costs in 2023, no layoffs will be taking place.

Jacobson revealed that the company aims to boost the production of its electric vehicles (EV) in the first half of this year, and accelerate the pace further in the second half.

He noted that the demand for GM's EVs is still "very strong," despite price cuts some other companies implemented. Jacobson said the carmaker currently doesn't plan to cut its vehicle prices.

LAYOFFS general motors

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