General Motors Co. has laid off more than 200 salaried employees, primarily at its Tech Center in Warren, Michigan, just days after lifting its full-year profit forecast — a move that had sent its stock surging.

According to people familiar with the matter, affected workers were notified early Friday via a company Slack message citing “business conditions” rather than performance issues, Bloomberg reports.

The job reductions come as GM seeks to streamline operations and maintain profitability amid shifting economic and policy dynamics. Automakers have faced added costs from tariffs and have slowed spending on electric vehicles as government incentives fade and demand remains tepid.

Earlier in the week, GM reported stronger-than-expected third-quarter results and raised its annual earnings outlook, buoyed by solid sales of high-margin trucks and SUVs. President Donald Trump highlighted GM’s and Ford’s market gains as evidence his tariff strategy is succeeding, noting both automakers were “UP BIG” in a social media post.

GM shares climbed 3.7% in premarket trading Friday.

The company said the layoffs were part of a restructuring of its design engineering operations, which led to the elimination of certain computer-aided design roles. “We’re strengthening our core architectural design engineering capabilities,” GM said in an emailed statement, adding that it appreciated the contributions of the departing employees.