[2024-08-19] More Layoffs in Auto Expected "Across the Industry"

Schwab Network

More Layoffs in Auto Expected "Across the Industry"

Monday, August 19, 2024

Garrett Nelson with CFRA Research says General Motors' (GM) announcement to lay off 1,000 software and service workers "represents low-hanging fruit" to cutting auto jobs. He explains why General Motors made the decision and the outlook for the E.V. industry.

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