Job cuts by American companies over January and February this year hit the highest since 2009, with the technology sector accounting for more than a third of the over 180,000 job cuts announced.

Layoffs by US companies over Jan-Feb hit highest since 2009, says report

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

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Layoffs by US companies over Jan-Feb hit highest since 2009, says report

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