The news: GM wants to part ways with tens of thousands of workers without having to lay them off as part of its shift to EVs.
A heavy EV lift: Despite earning $14.5 billion income in 2022—it’s highest earnings year ever—GM expects it’ll have to bleed $35 billion to make its EV venture profitable by 2025 amid tight competition, per The Verge.
The employment outlook: GM wants to avoid a PR backlash that would accompany laying off most of its salaried employees.
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