Cruise to slash workforce by nearly 50% after GM cuts funding to robotaxi operations
In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of Cruise’s shares in 2016 close to $10 billion. In September, Elshenawy, president and chief technologist of Cruise, threw a huge party for Cruise staffers that some read to be a sign that the company was moving forward.
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Cruise not relaunching robotaxi service following full GM acquisitionCruise, the autonomous vehicle company, says it is not relaunching its robotaxi service. This news comes after GM announced ...
GM completes its acquisition of Cruise, which means a brutal 50% reduction in workforce. Those remaining will work on ...
General Motors on Tuesday completed its acquistion of the Cruise autonomous vehicle unit, laying off half the workforce. The ...
Now that Cruise is no longer operating a network of autonomous ride-hailing services, GM is winding down its staff while keeping many of the engineers.
As announced, the US automotive group General Motors (GM) has acquired all outstanding shares of the robotaxi company Cruise ...
General Motors Co. is cutting about 50% of the workforce of its former Cruise self-driving car unit just shy of two months ...
General Motors expects to save up to $1 billion annually by ending its Cruise robotaxi development program, CEO and Chair ...
General Motors has taken full control of Cruise LLC—shifting its focus away from robotaxis to integrating autonomous ...
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