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Recent company layoffs - GM

Unemployment and LayoffsAutomotive EquipmentU.S. Department of the TreasuryGeneral Motors
General Motors Announced: Feb. 17 Number of layoffs: 47,000 jobs Reason for the cuts: GM said it may need $30 billion in total government financing to weather the economic downturn and would shutter five more U.S. factories in a massive restructuring plan. The automaker is already surviving... Bill Pugliano / Getty Images