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.
Defunct robotaxi company Cruise has begun to lay off employees today, sources tell The Verge. The layoffs come two months ...
General Motors has taken full control of Cruise LLC—shifting its focus away from robotaxis to integrating autonomous ...
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Failed Robotaxi Company Laying Off WorkforceGeneral Motors' robotaxi company Cruise has begun laying off its employees, The Verge reports. It's the final nail in the ...
Cruise announced massive layoffs as it shifts away from robotaxis, leaving Tesla and Waymo as the sole contenders in the ...
GM is closing its subsidiary Cruise, which has been developing self-driving cars. GM is only taking on around half of the ...
General Motors’ Cruise will lay off about 1,000 employees, including CEO Marc Whitten, as it shifts focus from robotaxi to ...
General Motors said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing the ...
A more favorable federal regulatory and legislative environment may help propel the growth of driverless ride-hailing ...
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