General Motors Company (GM.US) announced that it would lay off over 200 employees at its Michigan Technical Center as part of the third round of personnel adjustments this year.

Sources said that General Motors Company (GM.US) laid off more than 200 salaried employees on Friday. The company attributed this move to "business conditions" and is currently focusing on improving operational efficiency at the company level. The layoffs mainly concentrated at General Motors Company's Tech Center in Warren, Michigan - which is the core Hub Group, Inc. Class A for General Motors' autonomous driving research, software development, and new vehicle design. This is the third time General Motors Company has reduced its workforce this year: they laid off 1000 salaried employees in January and another 1000 in August. Through adjusted performance evaluation system, General Motors has targeted the bottom 5% of employees for immediate dismissal this year. General Motors Company's third-quarter performance showed challenges in its electric vehicle (EV) business and import tariffs. However, due to tariff mitigation measures and increased domestic production capacity in the United States, the company has raised its full-year earnings per share (EPS) guidance by approximately 11%.