Recent layoffs in the workforce
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Recent company layoffs - GM( Paul Sancya / Associated Press )
General Motors Corp.
Announced: April 27
Number of layoffs: 21,000 jobs
Reason for the cuts: In a zero-hour bid to stay out of bankruptcy, GM said today it would fold the Pontiac brand, cut 42% of its U.S. dealers and 28% of its plants by the end of 2010, and offer holders of $27 billion in debt significant equity stakes in the company.