GM lays off half of Cruise staff after ending robotaxi operations

General Motors is laying off about 50% of the remaining staff at its Cruise robotaxi business, following its decision to stop funding the unit. This comes after GM spent over $10 billion on Cruise since its acquisition in 2016. The layoffs affect nearly 1,150 employees, with most in engineering roles. Affected workers will receive severance packages and 60 days' notice. Key executives, including the CEO, will also leave the company. GM is shifting its focus from robotaxis to personal autonomous vehicles. This change follows regulatory issues and a recent investigation into Cruise's operations and leadership.