GM Reportedly Lays Off Over 200 Employees Days After Raising 2025 Earnings Guidance

• According to a Bloomberg report citing unnamed sources, the layoffs mainly were at its Tech Center in Warren, Michigan.
• The report noted that GM called some employees affected by the layoffs into a Slack channel and informed them that the terminations were due to “business conditions”.
   

General Motors (GM) has reportedly laid off over 200 salaried staff after raising its full-year earnings guidance earlier this week.

According to a Bloomberg report citing unnamed sources, the layoffs mainly were at its Tech Center in Warren, Michigan.

Reasons For The Job Cuts

The company called some of the employees affected by the layoffs to a Slack channel and informed them that the terminations were due to “business conditions” and not employee performance, the report said.

The automaker reportedly looked through its white-collar ranks to identify duplicate jobs when deciding on layoffs. A company spokesperson told Bloomberg that the job cuts are due to changes within its design engineering ranks that resulted in the elimination of computer-aided design staff.

GM stock rose nearly 3% on Friday morning at the time of writing. On Stocktwits, retail sentiment around GM stayed within the ‘extremely bullish’ territory over the past 24 hours, while message volume remained at ‘extremely high’ levels.

Upbeat Q3 Earnings, Fresh Guidance

Earlier this week, the automaker posted a strong third-quarter (Q3) beat and raised its profit guidance for 2025. The company now expects adjusted earnings before interest and taxes (EBIT) of $12 billion to $13 billion in FY25, up from a prior range of $10 billion to $12.5 billion, driven by lower-than-expected tariff expenses. The company also raised its earnings per share (EPS) forecast to $9.75–$10.50, up from its previous forecast of $8.25-$10.

For the quarter ended September 30, GM reported revenue of $48.59 billion, ahead of a consensus estimate of $44.89 billion, according to Koyfin data. Adjusted EPS stood at $2.80, above the $2.01 estimate, despite a year-over-year decline of about 28%.

GM stock is up by 29% this year and by about 30% over the past 12 months. 

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