Cruise announces layoffs as GM acquires defunct robotaxi company

Cruise announces layoffs as GM acquires defunct robotaxi company Defunct robotaxi company Cruise has begun to lay off employees today, sources tell The Verge. The layoffs come two months after General Motors said it would no longer fund Cruise, and would instead shift its spending toward advanced driver assist and personally owned autonomous vehicles. Cruise held an all-hands meeting today, in which it announ...

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