°®¶¹´«Ã½

DETROIT — General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.

Deere said it boosted its workforce when demand surged during the COVID-19 pandemic, which roiled supply chains, only for the farm economy to start slowing.

Volkswagen AG has begun trimming corporate jobs in China as part of its goal to reduce overhead by 20% globally over the next three years.

General Motors Co. is cutting more than 1,000 software engineers as the automaker moves to lean up its software and services organization, said a person familiar with the matter.

Humble, Texas-based U.S. Logistics Solutions told 2,000 employees that the company was ceasing operations and they would not receive paychecks.

Electric vehicle upstart Rivian, which recently put on pause plans to build a Georgia factory, said in mid-April it is laying off more workers as it cuts costs to buttress its balance sheet.

Auto parts supplier Forvia SE is poised to cut roughly 13% of its European workforce over the next five years, with plans to tap AI to better compete in the shift to electric cars.

Self-driving truck technology provider TuSimple plans to lay off about 150 employees immediately, or 75% of the company’s U.S. workforce, and begin a wind-down of U.S. operations.

After losses widened in Q1, U.S. Xpress has cut its corporate staff for the third time in the past year as the trucking giant prepares to merge with the larger Knight-Swift Transportation.

GREENWICH, Conn. — XPO, one of the world’s largest freight transporters, is reducing its workforce as part of a cost-cutting plan.