General Motors, Boeing, GoPro, Xerox, Caterpillar and The Limited all Planning Holiday Layoffs

Here comes Santa Claus? No, here come layoffs.While the U.S. is currently enjoying the lowest unemployment rate since before the Great Recession, that doesn’t mean all employees are immune to pink slips.

In fact, CNN Money reports several businesses have done just that, Grinching thousands out of a job less than a week before Christmas.

Layoffs are never easy — it doesn’t matter if it’s due to downsizing or a smaller budget in the New Year — but they are part of job lifecycle. For these companies, I’m not sure if it’s going to be a holly jolly Christmas this year.

If you’re interested in reading more about what to expect in next year’s job market, check out 5 job trends to watch in 2017.

General Motors

1,300 employees in Detroit will be getting the axe right before the holidays at GM. The cars they work on include the Chevy Volt and Impala, as well as the Buick LaCrosse.

If you think that’s the worst of it, not so fast: Another 2,000 GM employees will also be laid off within a month.

Boeing

As the demand for jumbo jets continues to trend downward, so too does the employment numbers at Boeing. Earlier this year, it was estimated that the commercial airplane company would cut 10 percent of its workforce.

According to CNN, Boeing will continue to cut jobs, citing growing competition with rival Airbus, who ironically, also had to cut 1,200 jobs earlier this year.

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