GM announces global layoffs and it is bad news for techies

General Motors has announced to layoff workers worldwide, mostly in the US. According to a state filing, the reductions include 507 employees at GM’s tech center in Warren, Michigan. Confirming the layoffs, the company’s spokesperson Kevin Kelly said in a statement “In order to win in this competitive market, we need to optimize for speed and excellence. As part of this continuous effort, we’ve made a small number of team reductions.” GM did not reveal the exact numbers impacted by the job cut, but a Reuters report says that the number of layoffs could be around 1,000.