Gm Financial Layoffs 2024. Gm said tuesday that the offers will save about $1 billion us per year in costs, about half of the $2 billion us it wants to cut annually by the end of 2024. A letter from ceo mary barra sent to gm workers on thursday offered buyouts to many of its 58,000 employees, saying the company plans to trim $2 billion in fixed costs over the next two years.
The company has announced that it won’t need layoffs to meet its financial goals, as it is reporting that about 5,000 salaried employees took a voluntary buyout. General motors says it can avoid layoffs for now—but only because about 5,000 salaried workers took buyouts.