GM cuts 50% of Cruise staff after ending robotaxi business
1. GM's Cruise lays off 50% of remaining workforce amid strategic change. 2. Cruise has spent over $10 billion since its acquisition in 2016. 3. Reduction in staff coincides with a shift to personal autonomous vehicles. 4. Key executives are also leaving, intensifying organizational restructuring. 5. Recent probes revealed regulatory oversights and leadership failures at Cruise.