GM lays off hundreds of salaried workers as part of profit push

GENERAL MOTORS CUT hundreds of jobs on Friday, just days after raising its profit guidance for the year in a move that sent the shares soaring.

- DAVID WELCH

The automaker laid off more than 200 salaried staff, mostly at its Tech centre in Warren, Michigan, north of Detroit. The messagewas delivered around 7 a.m.,when the company called some of the affected employees toaSlackchannelto say that the firings were due to “business conditions” and not their performance, according to people familiar with the meeting who asked not to be identified discussing internal matters.