General Motors (GM) is laying off nearly 1,000 employees globally, with most of the job cuts occurring in the United States.

The Detroit-based automaker confirmed the layoffs, stating they are part of its ongoing effort to streamline operations and optimize for speed and excellence in a highly competitive market.

GM emphasized that reducing its workforce aligns with its strategic goal of maintaining a robust position in the automotive industry, particularly as it pivots towards EVs and software development—sectors that come with high operational costs. As part of its financial strategy, GM is working to cut between $2 billion and $4 billion in losses related to EV production by next year.

This latest round of layoffs follows previous efforts to trim GM’s workforce as part of its restructuring.

In August, the company laid off over 1,000 employees within its software division as part of a broader effort to streamline the team. Additionally, GM had significant workforce reductions earlier in the year, including the September layoff of approximately 1,700 workers at its Kansas manufacturing plant. In 2023, GM also offered buyouts to around 5,000 salaried workers as part of its ongoing efforts to reduce costs and refocus its operations.

The layoffs reflect GM’s push to prioritize innovation in emerging sectors like EVs and software while addressing financial pressures linked to these high-cost ventures.