GM isn't alone in cutting personnel this year. Legacy automakers and startups have taken similar measures as markets, competition tighten.

General Motors slashed almost 1,000 jobs early Friday, adding to the thousands who were already let go from the massive automaker so far in 2024, Reuters reports. A now-former associate director for GM competitor intelligence told an industry Facebook group that the layoffs were communicated via an early-morning email.

General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The workers, mostly white collar, were notified about the decisions early Friday.