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GM's Cruise to lay off 900

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General Motors is laying off 900 at its robotaxi startup, Cruise.

The cuts impact around 24% of Cruise's workforce.

Cruise recently dismissed nine leaders at the company over its response to an October accident in which a pedestrian was dragged 20 feet by a Cruise self-driving car after being struck by another vehicle, according to CNBC.

Read more from CNBC.

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