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Not Quite A Golden Parachute
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GM said no layoffs. That didn't mean they don't want employees to go, though. They're offering workers a voluntary separation program to get staffers to quit. That's better than firing, of course, but you know that if not enough people choose to walk, the ax will start swinging. In the sudden craze among managers to cut, cut, cut ("everybody's doing it, so we should, too!"), if your employer offered you a buyout or separation deal, would you take it? What would you have to get to make it worth doing? (CNN)
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