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General Motors' Layoffs Present Ample Opportunities for Entrepreneurs
General Motors' Layoffs Present Ample Opportunities for Entrepreneurs
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The economy has seen some significant changes this fall. The bankruptcy of Sears Holdings reflected the end of an era in retail, as Sears and Kmart both closed stores. And this past week, General Motors, another staple of the American economy, advertised that it was laying off 14,000 workers and shutting down five plants. GM will stop producing six models, including the Chevrolet Impala.
While the Sears shutdown could be explained by the success Amazon.com has had replacing stores with its online shopping feature -- following the demise of local retail stores that had accelerated courtesy of WalMart -- this theory alone hardly explains the GM layoffs.
While the Sears shutdown could be explained by the success Amazon.com has had replacing stores with its online shopping feature -- following the demise of local retail stores that had accelerated courtesy of WalMart -- this theory alone hardly explains the GM layoffs.
