Why GM is laying off more workers amid healthy profits

Enlarge / GM CEO Mary Barra. (credit: Drew Angerer/Getty Images)
GM is laying off another 4,000 workers, the company acknowledged on Monday. The cuts are on top of thousands of job cuts the company announced last November.
Those earlier cuts were concentrated on the factory floor, with GM shuttering five manufacturing plants in the United States and Canada. The new cuts, by contrast, are to salaried white-collar jobs. Individual workers will be notified over the next two weeks, the company said.
GM has reported billions of dollars of profits over the last three quarters. But CEO Mary Barra argues that GM still needs to cut its costs to prepare for the dramatic changes facing the automotive industry in the coming years.
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Source: Car news one

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