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General Motors said it’s offering voluntary buyouts to the majority of salaried staff as part of a plan announced in January to cut $2 billion in annual costs.
The Detroit automaker will offer the workers lump sum payments and other compensation based on tenure, according to a regulatory filing Thursday. The move is designed to “accelerate the normal attrition process and the resulting cost savings,” GM said.
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Benefit reductions meant to cut costs and even free up funds for AI may be undermining retention, as workers scale back savings and question their employers' priorities.
AI investments are made in the name of productivity and output, but de-investing in employees could have swift adverse business outcomes.
Thousands of government workers that lost their jobs during the Trump administration's cost-cutting crusade are struggling to find work.
Microsoft said it will cut 6,000 workers in an effort to reduce management layers.
The plans is to cut "non-essential roles" and return to staffing levels from before the pandemic.
