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General Motors on Thursday said it was offering buyouts for most of its salaried employees and global executives and expects to take a pre-tax charge of up to $1.5 billion to cover the costs.
The announcement comes as layoffs by US companies in the past two months touch their highest since 2009, with the tech sector accounting for more than a third of the over 180,000 job cuts announced.
The largest US automaker, helmed by CEO Mary Barra, in January disclosed a $2 billion cost cut target, including reducing employment through attrition.
