General Motors lays off hundreds from product development, WSJ says

General Motors cut several hundred full-time contract positions primarily from its engineering hub in suburban Detroit, the latest cost-reducing effort from the auto maker as it navigates an uncertain car market, The Wall Street Journal’s Mike Colias reports. The contract workers, from GM‘s large product-development operation, were terminated over the weekend, a company spokeswoman said. She said several hundred people were dismissed but declined to specify a number. Reference Link