General Motors to cut hundreds of executive-level jobs, Reuters reports

General Motors is slashing hundreds of executive-level and salaried jobs as it looks to cut costs, a person briefed on the matter told Reuters. The global reductions are in the "low hundreds," the person said. GM Chief People Officer Arden Hoffman said in a letter to employees that GM is "committed to $2 billion in cost savings in the next two years, which we’ll find by reducing corporate expenses, overhead, and complexity in all our products." Reference Link