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Ford announces layoffs as part of its shift to EVs

Ford has begun notifying certain salaried and agency workers of layoffs this week, according to an internal email sent to its employees. Ford has been...

Rivian confirms at least 800 layoffs, shifts focus to accelerating production

Amy Mast, a spokesperson for Rivian Automotive, has confirmed in an email that at least 6% or 800 out of 14,000 of its employees will be...

Carvana cuts 2,500 jobs after posting net loss of $506M

In a regulatory filing this week, Carvana said that it has laid off 2,500 of its employees, accounting for 12% of its workforce. Most of the...

DealerSocket lays off large portion of employees as part of restructuring...

Dozens of DealerSocket employees were let go from their jobs in July effective immediately, just two months after the Software as a Service (SaaS)...
automotive newscast

CBT Automotive Newscast: September 3, 2020

Today's Featured Interview: Marc Cannon Reflects on AutoNation's Year Thus Far and What's In Store for the Future In the midst of the pandemic, the...
Cox Automotive

Cox Automotive Trims 275 Jobs During Recovery

Facing a steep decline in revenue since the COVID-19 pandemic struck the United States, Cox Automotive trimmed their workforce by approximately 275 positions on...

Uber Slashes Jobs Yet Again: What it Means

Just like most businesses, Uber has taken a huge hit in the midst of the novel coronavirus. The rideshare giant has announced it will...

How GM’s Layoffs will Affect the Auto Industry in 2019

GM announced last week that it would close five factories and lay off nearly 15,000 workers in a move that may be indicative of...