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.
GM Axes Half of Cruise as It Ditches Robotaxi Business
The robotaxi business is largely being abandoned in favor of autonomous technology for personal vehicles—specifically, GM’s Super Cruise system, which it has installed in many of its newer models. GM’s shift to Super Cruise is two-fold: First and foremost,
Cruise held an all-hands meeting today, in which it announced that GM had acquired full control of the company. A ...
GM said in December it would halt funding of the Cruise robotaxi business. This followed a year of trying to overcome ...
Cruise is laying off about 50% of its workforce, affecting nearly 1,000 employees, as GM shifts focus to other automotive ...
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 expects to save up to $1 billion annually by ending its Cruise robotaxi development program, CEO and Chair ...
General Motors’ Cruise will lay off about 1,000 employees, including CEO Marc Whitten, as it shifts focus from robotaxi to ...
A more favorable federal regulatory and legislative environment may help propel the growth of driverless ride-hailing ...
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