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"https://www.cnbc.com/2025/02/04/gm-cuts-50percent-of-cruise-staff-after-ending-robotaxi-business.html"
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"GM cuts 50% of Cruise staff after ending robotaxi business"
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"General Motors has announced that it will be laying off around 50% of its employees at its Cruise robotaxi business, which was previously a subsidiary of the company. The layoffs come after GM decided to stop funding the business, which it had acquired in 2016. The company cited the increasingly competitive robotaxi market, capital allocation priorities, and the time and resources needed to grow the business as reasons for the decision. Cruise had nearly 2,300 employees as of the end of last year."
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