Cruise, the self-driving car device greater part owned by Standard Motors, is laying off pretty much eight% of its entire time employees to cut prices in the midst of the coronavirus pandemic, a media report claimed.
The corporation would provide impacted team economic help to assistance them transition, as well as health treatment coverage by means of the conclude of the yr, Cruise CEO Dan Ammann wrote in a team memo, a portion of which was shared with Bloomberg.
The cuts slide mostly outside of Cruise’s engineering and main progress teams.
“In this time of fantastic transform, we are privileged to have a crystal clear mission and billions of pounds in the bank,” Cruise spokesman Ray Wert informed Bloomberg.
“The steps we took today replicate us doubling down on engineering work and engineering expertise.”