Cruise held an all-hands meeting today, in which it announced that GM had acquired full control of the company. A spokesperson for Cruise said 50 percent of the workforce will be laid off. “We are grateful for their passion and contributions to help us reach this stage,

Co is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo and people familiar with the matter, part of a previously announced plan to halt robotaxi service and absorb the operations into its broader business.