Cruise to slash workforce by nearly 50% after GM cuts funding to robotaxi operations
In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of Cruise’s shares in 2016 close to $10 billion. In September, Elshenawy, president and chief technologist of Cruise, threw a huge party for Cruise staffers that some read to be a sign that the company was moving forward.
GM cuts 50% of Cruise staff after ending robotaxi business
General Motors is laying off off roughly half of its employees who remain at its discontinued Cruise robotaxi business.
GM cuts nearly half of Cruise workforce, abandons robotaxi plans
GM is laying off roughly 1,000 employees at its Cruise autonomous vehicle unit, cutting nearly 50% of its workforce.
GM gives up on loss-making Cruise robotaxi business
General Motors is giving up on its Cruise robotaxi business. The auto giant said Tuesday that it would end development at the loss-making unit, which had once been a top priority. GM said too much time and resources would be required to make Cruise a success.
GM Lays Off Half of Cruise Workforce After Pulling the Plug on Robotaxi
General Motors (GM) is laying off around half of the workforce from its discontinued Cruise robotaxi business, following its decision to shut
Cruise lays off half its staff after GM sunsets robotaxi program
Autonomous vehicle company Cruise is laying off around half of its workforce, according to reporting by TechCrunch. The cuts even extend to the CEO and other top executives. This is part of a major restructuring effort by parent company GM that will eventually see a total shutdown of operations.
GM’s Cruise to Cut 1,000 Jobs as Robotaxi Service Shuts Down
General Motors Co. is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo and people familiar with the matter, part of a previously announced plan to halt robotaxi service and absorb the operations into its broader business.
GM Axes Half of Cruise as It Ditches Robotaxi Business
The robotaxi business is largely being abandoned in favor of autonomous technology for personal vehicles—specifically, GM’s Super Cruise system, which it has installed in many of its newer models. GM’s shift to Super Cruise is two-fold: First and foremost,
Intel’s MobilEye Plans A Third Path To Robotaxi, Unlike Tesla, Waymo
Tesla is "cheap and everywhere first, then hope for safe." Waymo is "Safe first, then expand and lower costs." MobilEye ...
Cruise announces layoffs as GM acquires defunct robotaxi company
Defunct robotaxi company Cruise has begun to lay off employees today, sources tell The Verge. The layoffs come two months ...
CNET Roadshow on MSN1d
Uber Opens Up Its Waymo Robotaxi Interest List in Austin
Uber is one step closer to letting customers hail a self-driving vehicle in Austin, Texas, through its app. The company on ...
How Tesla Robotaxi Will Work, According To Elon Musk: ‘Kind Of Like Airbnb’
Elon Musk had a lot to say about Tesla’s upcoming Robotaxi service on Wednesday. Robotaxi will be coming to Austin and other ...
smartcitiesdive1d
Uber CEO outlines robotaxi fleet plan
Customers in Austin, Texas, can now sign up to be one of the first riders of Uber’s autonomous vehicles when they become ...
Uber opens waitlist for Waymo robotaxi rides in Austin. Here's how to sign up
The long-awaited partnership between Uber and Waymo has hit the road in Austin as the brands announced riders are now able to ...
Waymo just popped up on the Uber app in Austin ahead of robotaxi launch
Uber customers in Austin may notice a new offer when they open the app and hail a ride: an invitation to signal their ...
Musk says Tesla unsupervised robotaxi is coming this June
Tesla CEO Elon Musk announced that a fully autonomous taxi service will debut in Austin, Texas, this June, ensuring people ...
autoevolution2d
US Robotaxi Landscape Turns Into a Two-Horse Race After Cruise Throws In the Towel
Cruise announced massive layoffs as it shifts away from robotaxis, leaving Tesla and Waymo as the sole contenders in the ...
Tesla, Inc. (TSLA) – Robotaxi Revolution or Regulatory Risks?
We recently published a list of 10 Must-Watch AI Stocks Dominating Headlines. In this article, we are going to take a look at ...