• In recruiting win, GM's Cruise employees offered equity in Cruise

    2 monthes ago - By Tech Crunch

    In what will be seen as a big recruiting and retention win for Cruise, employees will be offered equity in GM's self-driving technology subsidiary rather than shares of GM. The securities offering was disclosed in a recent SEC filing for GM Cruise Holdings LLC.
    The filing, which also lists the initial officers of GM Cruise Holdings LLC, is a result of Softbank's investment in Cruise earlier this year. Softbank's Vision Fund announced in May plans to invest $2.25 billion in Cruise. Once that deal closes, GM will invest another $1.1 billion.
    GM Cruise Holdings LLC's board of directors...
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