General Motors plans to cut 1,300 workers across 2 factories

General Motors plans to cut 1,300 workers across 2 factories

The layoffs at GM reflect the growing uncertainty facing the electric vehicle market. Discounts for EVs have been increasing, according to Edmunds.com, as they remain unsold on dealer lots for longer than gas vehicles. That indicates a decline in demand in what was in recent years projected to be an up-and-coming market.