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Zane Merva Executive Editor & Publisher - GM-Trucks.com February 4th, 2019 The Detroit Free Press is reporting that GM will layoff as many as 4,000 people white-collar positions today. Dubbed as "Black Monday" by an investment strategist, the cuts that may start today are a result of a low take rate on an employee offered buy-out announced in October. I can personally attest to the talent lost at the company in the last few years. Most of the people that I had the pleasure of communicating with for the past twenty years at General Motors no longer work for the company. Most received early retirement buyouts and will move on to other roles at other companies. Those cut today won't be so lucky to get that buyout.