Cruise, the self-driving car startup that is a majority-owned subsidiary of General Motors, is laying off 150 employees, or about 8 percent of its workforce, to cut costs amid the novel coronavirus pandemic. The news was first reported by Bloomberg.
“In this time of great change, we’re fortunate to have a crystal clear mission and billions in the bank,” spokesman Milin Mehta said in a statement. “The actions we took today reflect us doubling down on our engineering work and engineering talent.”
The cuts occurred throughout the company, including recruiting, design, product, and business strategy, The Information reported. Cruise is the…