GM is closing its subsidiary Cruise, which has been developing self-driving cars. GM is only taking on around half of the employees.

the company said. “While not an easy decision, we are focused on combining efforts with General Motors to accelerate autonomy at scale on personal autonomous vehicles,” Cruise said.

General Motors (GM) announced that it has completed its previously announced acquisition of GM Cruise Holdingsfollowing the approval of GM’s ...

GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology for personal vehicles.

Cruise is laying off about 50% of its workforce, affecting nearly 1,000 employees, as GM shifts focus to other automotive technologies.