GM's Cruise Slashes Workforce by 25% as Self-Driving Car Dreams Fade
General Motors' self-driving car subsidiary, Cruise, is cutting about 25% of its workforce, eliminating approximately 900 jobs, as the company faces financial pressures and regulatory scrutiny following an incident in October. California regulators shut down Cruise's robot taxi operations after accusing the company of misrepresenting its technology. The incident has raised concerns about the future of self-driving cars and could lead to increased enforcement and scrutiny from regulators. Meanwhile, Waymo, a division of Google's parent company Alphabet, continues to offer a driverless taxi service in San Francisco.