GM could lay off up to 14,000 workers, including 15 percent of salaried employees. The auto giant will stop production at five of its factories in Michigan, Ohio, Maryland, and Ontario, Canada. It's also discontinuing luxury and compact sedans that had sluggish sales. Fortune magazine senior editor-at-large Leigh Gallagher joins "CBS This Morning" to discuss the layoffs.

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Comments

    • Ivan Laws
      Ivan Laws

      Uhha yep Ok maybe, will see. GM has no Follow through.

      about 7 days ago
    • James Wadsworth
      James Wadsworth

      Problem with GM they are greedy

      about 17 days ago
    • MICHAEL DAVIS
      MICHAEL DAVIS

      This women is nuts. Not re-skill workers. GM's quality went down. People didn't like the quality or the poorly designed vehicles and they didn't last long. That is what is wrong and is the root of the problem. GM experiments with poor decisions instead of listening to the customers at our expense. This is what happened to Oldsmobile. Her salary is $21.96 Million.

      about 21 day ago
    • Ramesh Kumar
      Ramesh Kumar

      Just because GM is not selling Sedans doesn't mean people aren't buying it. Honda sells Accord, Civic, City. Toyota sells Camry and Corolla, Nissan with Altima and Maxima. VW with Passat. The difference is that these cars are good and all GM cars are pathetic. How will anyone trust GM to make good self driving cars when they failed to make proper regular cars?

      about 27 days ago
    • Lobotomizer
      Lobotomizer

      noooooNOOOOOO ITS READJUSTING FOR GAS PRICES GOING DOWN liars

      about 1 month ago
    • Wes
      Wes

      GM = junk they will fold again 👍🎉🍻🍾👍

      about 1 month ago
    • TU nguyen
      TU nguyen

      Being inside a self-driving car GM is to commit suicide

      about 2 months ago
    • KonoSuba this Wonderful World
      KonoSuba this Wonderful World

      GM cars are horrible

      about 2 months ago
    • Nessa Rayne
      Nessa Rayne

      When looking to the future it will be essential to learn hands on skills that is provided in engineering. You want to compete in an growing America than learn your mathematics, physics, and coding. The workers of today need to adjust the way that they think or they're going to get left behind in both jobs and innovation. You may think that it is not fair but in the case that you can remain subjective than you will realize that this is only Darwinism.We are just entering a different arena.

      about 3 months ago
    • EF ANDMK
      EF ANDMK

      GM is in trouble because of Donald's trade war with China. And, people just don't buy cars anymore, and when they do they keep them for years.....and years. And it looks like GM is doing what's best for the company. Mostly what goes on these days in companies is that companies do whats best for their executives.

      about 3 months ago
    • FartsTrading Academy
      FartsTrading Academy

      I still see a ton of sedans here. I see many Camry's, Corollas, Civic's and Elantras. These are newer models too like 2015+

      about 3 months ago
    • volcano hi
      volcano hi

      It should be illegal for them to sell cars, just take all their assets for robbing the USA.

      about 3 months ago
    • Rod McDonald
      Rod McDonald

      G. M. is more concerned about shareholder profits then building great cars.

      about 3 months ago
    • Rod McDonald
      Rod McDonald

      14,000 less new car buyers.

      about 3 months ago
    • ajaxa9
      ajaxa9 In reply to Rod McDonald

      Try 150,000. Nine support workers for each factory hire.

      about 3 months ago
    • Realistic Man
      Realistic Man

      how come GM continues to make ugly cars that are overpriced. I saw this Traverse SUV parked outside Costco. I took a look inside and at the sticker price. It is over 50,000 dollars!!! I was like who in the world with the sane brain would pay that kind of money for this mediocre SUV that looked like $25K SUV? The Traverse looked worse than Toyota RAV4. Oh my gosh~~.

      about 3 months ago
    • Alt Luigi
      Alt Luigi

      To: GM
      all you have to do is,
      " make a better products "
      Nothing more , nothing less .

      about 3 months ago
    • Mathew Hamel
      Mathew Hamel

      Feel bad for the jobs getting cut but hope GM fails altogether and disappears into the pages of history.

      about 3 months ago
    • Justyn Suratt
      Justyn Suratt

      This seems all to familiar....2008... only time will tell I guess.

      about 3 months ago
    • Smartbomb 1428
      Smartbomb 1428

      Greedy. White. Crackas.

      about 3 months ago
    • Kalada Epelle
      Kalada Epelle

      I think they lost that magic wand now

      about 3 months ago
    • Tony Mango
      Tony Mango

      Sell all the cars two for one buy one get one free every car that they have on every lot that's what happens when you Miss manage you have to bite off a little more than you can swallow you must not be here hurting too bad liquidate you're entire stock early retirement Severance packages for the rest of the employees the bich CEO she suck that company dry

      about 3 months ago
    • agent
      agent

      Rule number one you listen to your American customers then you do what your customer demands in the market place !

      about 3 months ago
    • Gregg Narcisse
      Gregg Narcisse

      Where you're magic wand now Trump? GM will still be closing plants .

      about 4 months ago
    • luis Palacios
      luis Palacios

      Its sad that big companies can get bailed out, but in 2008 the bank didnt wanted to readjust the loan or work something else with me and l got
      Evicted, Me and millions of people too. that created another big problem of homeless
      People, so sad is happening again.

      about 4 months ago
    • LUCY LOVE
      LUCY LOVE

      This is a political movement and statement. They should be made pay the Bailout money back..

      about 4 months ago
    • Randy Smith
      Randy Smith

      They should have had a structured bankrupcy instead of a bailout, Romney said in his debate with Obama that it was just kicking the can down the road, not fixing the problem. now the chickens have come home to roost.

      about 4 months ago
    • Brandon Eiland
      Brandon Eiland

      That was a weird addition sign. But on a serious note, the Impala sales are actually going up so it doesn't make sense that GM is discontinuing a car that is making them money

      about 4 months ago
    • Lucian 530
      Lucian 530

      awwwww poor union workers won't be able to sweet the floors anymore for 45 an hour..I have no sympathy for these auto workers I worked in the union for a couple years couldn't do it anymore..I couldn't handle the lazy workers complaining about their above average wages and benifets ..I worked with a guy that got caught sleeping in the job..well he was threatened to be written up..what does this guy do ..goes to a Dr and gets a note ...a friggin sleep note..I seen it all there was a.woman who made over 100.000 dollars in a year just by sweeping and cleaning up the bathrooms..double time...triple time u name it..they got it

      about 4 months ago
    • Michael Kelly
      Michael Kelly

      Its sad that these host seem to have no sorrow for the people that are gonna lose their jobs. Its not just a job either, some of the workers are making $30 an hour. GM is full of garbage and thats why they are left behind. Remember being the world biggest car manufacturer doesn't mean people are gonna buy ya piece of crap cars. Oh and meanwhile.....am i the only one to see the CEO dressed all sharp, as we see this big layoff happening....anyway god be with the people who are affected by this. I am a stock investor as many other people are....but its how and when you do things in the company that affects your workforce

      about 4 months ago
    • darthvader5300
      darthvader5300

      The Trump Administration must demand that all the bailout money and subsidy money given to GM must be given back to the U.S Government for destroying a long term agreement. And that the money should be used to pay the laidoff workers as part of their compensation severance package and that GM should also pay a fine of annually compensating all laidoff workers to match that of any Government unemployment checks given to these workers.

      about 4 months ago