As part of an already-announced move designed to slim down U.S. non-union employees 15% to 23,500, GM plans to eliminate 4,000 U.S. salaried employees via buyouts and retirement incentives by October 1st. [Bloomberg]
It's sad but in a way I am glad I turned down the offer from GM about a year and a half ago as an engineer. And they paid really well too (about 3k more than my next best offer). But I promised myself that I wouldn't work with a mainstream auto OEM for atleast 5 years after I graduate.