GM looks to cut costs by offering buyouts to 18,000 employees

General Motors has offered voluntary buyouts to 18,000 salaried employees in North America who have at least 12 years of experience, as the automaker looks to cut costs all while investing in its electric and autonomous future.

The company has described this as a proactive measure aimed at preparing for coming headwinds such as  slow sales in North America and China, commodity prices and tariffs.

But it’s just as much about preparing for the future. The company has been undergoing a transformation over the past four to five years, ditching expensive, money-losing programs like the Opel brand in Europe, and investing more into electrification and autonomous vehicle technology.