"As we build GM's future, we must simplify for speed and excellence, make bold choices, and prioritize the investments that will have the greatest impact," GM stated. "As a result, we're reducing certain teams within the Software and Services organization." At the end of 2023, GM – which owns the Chevrolet, Buick, Cadillac, and GMC brands – reported it had about 76,000 salaried employees globally, including 53,000 based in the US. The latest headcount reduction represents about 1.3 percent of its workforce.