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Salaried Workforce Reduction by Automaker

Approximate reduction in salaried white-collar roles for the Detroit Three.

Primary Sources

cnbc.com
Detroit automakers have cut over 20,000 U.S. salaried jobs as AI looms

The former General Motors headquarters inside the Renaissance Center in Detroit, April 15, 2024.Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — As artificial intelligence expands, it threatens to exacerbate a growing trend for America's largest automakers: the elimination of white-collar workers.The "Detroit Three" automakers have together cut more than 20,000 U.S. salaried jobs, or 19% of their combined workforces, from recent employment peaks this decade, according to public filings and employment data from the companies. Reasons for the job declines vary by automaker, but in general are tied to evolving technological changes in the automotive industry, with the rise of software-defined vehicles, autonomous and all-electric vehicles, and, most recently, AI."Artificial intelligence is going to replace literally half of all white-collar workers in the U.S.," Ford CEO Jim Farley said in July at the Aspen ideas Festival. "AI will leave a lot of white-collar people behind," he added later.The largest American automaker has led the cuts, with General Motors reducing U.S. salaried headcounts by roughly 11,000 people from 2022 through last year. Those job cuts came after GM had a run-up in employment, expanding from 48,000 U.S. white-collar workers in 2020 to 58,000 in 2022.Ford Motor and Chrysler parent Stellantis have cut jobs more gradually. From its salaried employment peak in 2020, Ford has scaled back by roughly 5,300 workers to reach about 30,700 white-collar employees last year, while Stellantis has gone from 15,000 salaried workers in 2020 to about 11,000 during that time.On an annual basis, combined white-collar employment for the three automakers peaked at roughly 102,000 jobs in 2022. It fell 13%, to 88,700 people, as of the end of last year.GM IT layoffsGad Levanon, chief economist at the labor data market nonprofit Burning Glass Institute, said he believes the jobs most at risk of being replaced by AI are clerical positions and more repetitive office jobs, like those in finance and information technology, including coding. "A lot of white collar workers will lose their jobs because AI can automate some of their tasks," he said, adding that some losses will be offset by jobs in growing areas of importance for automakers, such as autonomous vehicles, cybersecurity and software-defined vehicles. "I think it will be a major trend in the next decade or two."GM this week added to its cuts by laying off between 500 and 600 salaried workers globally, lar...

cnbc.com
finance.yahoo.com
STANDARD CHARTERED PLC R (STD.DU) Q1 FY2025 earnings ...

19 hours ago ... Now let's take a look at our business segment's performance. CIB income for the quarter was $3.3 billion, up 4%. Diego De Giorgi. CFO. 0 ...

finance.yahoo.com
moneycontrol.com
Standard Chartered to cut over 15% support roles amid AI push

Standard Chartered Plc plans to cut support roles by more than 15%, joining other lenders to use artificial intelligence to replace workers, as it raised its return targets over the next four years.

moneycontrol.com
ubs.com
Artificial intelligence: Gain insights about AI from the Chief ... - UBS

AI disruption and opportunity: A sector-by-sector guide for entrepreneurs 21 May 2025 We believe generative artificial intelligence (genAI) has the potential to transform industries and represent the most significant platform shift since the internet. In our latest report for entrepreneurs we look at the impact of AI on 11 different sectors.

ubs.com