Just in case you weren't sure, General Motors is in trouble. Big trouble. On top of all the other trouble you've no doubt heard about they are now planning to cut 10,000 jobs. Yesterday's rumors are fact this morning as the flagging former giant begins to face the music.
General Motors Corp., the largest U.S. automaker, plans to eliminate 10,000 salaried jobs globally, people familiar with the situation said.
The situation is fluid (except for the cuts, which are solid as can be).
General Motors Is Said to Plan to Eliminate 10,000 Jobs [Bloomberg]