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Elon Musk and Tim Cook among CEOs expected to accompany Trump on China trip

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Elon Musk and Tim Cook among CEOs expected to accompany Trump on China trip



A total of 17 US executives are set to join the president on his visit, where he will meet his Chinese counterpart Xi Jinping.



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GM cutting hundreds of salaried IT workers as it trims costs, evaluates needs

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GM cutting hundreds of salaried IT workers as it trims costs, evaluates needs


The General Motors global headquarters in Detroit, Jan. 12, 2026.

Jeff Kowalsky | Bloomberg | Getty Images

DETROIT – General Motors is laying off hundreds of salaried employees in its information technology operations as the automaker reevaluates its workforce needs and cuts costs, CNBC has learned.

The global reductions began Monday and will impact about 500 to 600 employees, largely in Austin, Texas, and Warren, Michigan, according to a person familiar with the plans who was not authorized to speak publicly about the reductions.

GM confirmed the cuts, which were first reported by Bloomberg News, but declined to give specific details about the actions.

“GM is transforming its Information Technology organization to better position the company for the future. As part of that work, we have made the difficult decision to eliminate certain roles globally. We are grateful for the contributions of the employees affected and are committed to supporting them through this transition,” the automaker said in an emailed statement.  

GM reported employing about 68,000 salaried workers globally as of the end of last year, including 47,000 white-collar workers in the U.S.

The Detroit automaker in recent years has routinely re-evaluated its salaried workforce. In October, GM laid off more than 200 Computer-Aided Design, or CAD, engineers due to “business conditions.” 

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At TV upfronts, AI is in and corporate shuffles are reshaping the lineup

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At TV upfronts, AI is in and corporate shuffles are reshaping the lineup



Advertisers will be hearing about the slate of live events in the coming year — and how AI is being integrated. Plus, media consolidation reshapes the lineup.



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Ovo energy customers urged not to panic as takeover by E.On planned

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Ovo energy customers urged not to panic as takeover by E.On planned



All existing tariffs will be honoured in full under a planned deal that could create Britain’s largest energy supplier.



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