There has been a growing trend in the automotive industry towards cost-cutting measures and streamlining operations. General Motors' announcement of cutting executive-level and broader jobs is part of the automaker's efforts to reduce its structural costs and enhance efficiency.

General Motors cuts jobs, joins big tech firms' lower costs plan

General Motors Co on Monday said it was starting to hand pink slips to about 4,000 salaried workers in the latest round of a restructuring announced in late November that will ultimately shrink its white-collar workforce in North America by 15 per cent out of 54,000.

General Motors cutting 4,000 workers in latest round of restructuring

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General Motors cuts jobs, joins big tech firms' lower costs plan

General Motors cutting 4,000 workers in latest round of restructuring