I am hearing that it is being made public next week. Any other confirmations to that?
Layoffs at GE Digital before the end of the year?
Will we learning about more layoffs before the end of 2018 or can we assume we are safe at least until January? If I remember correctly, December was never a big layoff month for GE in general, so I'm hoping that spilled over to us. Can anybody... — read more
Inability to execute
Everything I’ve read is that GE is too interwoven to break up / apart. It’s worth much less in parts. Hence the Coretech and Cybersecurity inability to execute a deal. I guess we shouldn’t expect much from the loser self interested DT leadership... — read more
Digital Acquisitions write off
From the GE Q3 2018 10-Q. As a result, during the third quarter, we recorded our best estimate of a non-cash pre-tax impairment loss of $22.0 billion related to goodwill in our Power Generation and Grid Solutions businesses. Included in this amount... — read more
An announcement should be happening soon
A deal has definitely been signed. I don't know the details but everything was signed about two weeks ago. GE managed the minority ownership. I don't know about the combination of Cybersecurity. An announcement should be happening soon. I think it... — read more
You can’t make this stuff up.
https://www.fool.com/investing/2018/11/12/why-general-electric-stock-just-dropped-another-75.aspx
Atlanta
https://www.bizjournals.com/atlanta/news/2016/06/27/could-ge-be-bringing-more-big-data-jobs-to-atlanta.html How is this working out?
I heard that a deal has been signed
I heard from a reputable source that the deal is done but they won’t tell me who. Anyone know who the unlucky winner of coretech is?
GE Sells Most Of Its Stake In Pivotal Software
https://www.crn.com/news/internet-of-things/ge-sells-most-of-its-stake-in-pivotal-software
Dr. Amos
Please Dr. Amos. Not William.
Q3 call
GE executives made no mention of GE Digital, software, or IoT on the third-quarter earnings call Tuesday.
The pig is on lifesupport
General Electric Co.'s longer-term issuer default rating (IDR) was downgraded two notches to BBB+ from A at Fitch Ratings. The move, which puts GE's rating at just three notches above "junk" status.
Is Ruh out ?
His meeting was run by other leadership team members as he is "travelling"
Why do departed GE Digital execs seem to universally land good jobs elsewhere?
One would expect working at GE Digital to not be the strongest item to put on a resumé, but time and time again, former executives from GE Digital seem to be landing good jobs at other firms. I had a conversation with one such executive who was... — read more
No mention
No mention of GE Digital today?
Khozema gone and nobody here said anything?
Guess that shows how insignificant he was.
https://seekingalpha.com/article/4213762-ge-employee-headcount?page=5
Job Cuts At GE Digital Roughly a week before John Flannery’s mid-November 2017 Update conference call, notice of permanent layoff was given to 158 GE Digital employees, per this extract from a WARN report publication, Notice date 11/07/2017... — read more
Beth said....
BC said in an interview at CNBC that "digitalistation" or "digitalilization" is the key to GE's future.
Larry all employee
I was personally impressed by Larry today. He appears to be embrace being a nerd. Humor. Candid. Doesn’t like the royalty c-ap. Why would a guy agree to do this if he thought he would fail? Wants to walk to work. Going back to fundamentals. Kudos to... — read more
Karma
I could not have been happier to hear the organization, as a whole was falling apart and disbanding after the way they treated employees and candidates when their profits took a hit. This companies ego was its downfall and it got what was deserved :)
GE Digital SALE
Anyone have any information on when this beast(liability) is going to be sold.
70+ fired in Detroit ? True False ?
70+ fired in Detroit ? True False ?
They caught spy finally
If bad management doesn’t get us the spies will. https://youtu.be/FJM5rgr-pqw Just think of how many possible bad actor Insiders they don’t know. One of the biggest threats any company faces.
When Ruh goes we'll know!
Let's see how long Larry puts up with his lying BS. If Larry is serious about transformation and recovery, the Bill and Khozema show will hit the road.
Coretech Risk deal
Predictions on if anything goes down before end of year? Reportedly new ceo was in on meetings for this brilliant idea as board member. I wonder if he has a good dector to see the imposter at helm or he is sold on the sleaze fast talking.
No kidding. Straight shooter.
https://finance.yahoo.com/video/ken-langone-blames-jeff-immelt-010025866.html?.tsrc=applewf
The future is coming -are new technologies that big a threat to job security?
I had to post this interesting interview with GE Digital Europe’s SVP Deborah Sherry. The topic is more than convenient for this site, giving that it covers the topic of how new technologies and automation impacts the workforce and is it that big a... — read more
Minds and Machines Postponed / canceled
Leadership made the call to postpone/cancel Minds & Machines. Make no mistake this came directly from Larry Culp. The guy is trying to stop the stupid internal spending that GE does to stroke the egos of executive's. This is a smart call as the event... — read more
How many seconds do Bill & Khozema have left?
With their inability to close the sale with the buyer and the new CEO how much time do Bill & Khozema have left to flounder in San Ramon? I hope Larry fires both of them and not a buyer, far more insulting to these guys to get canned by GE.
Flan man
I wonder if Flannery will start posting here
Flannery ousted
https://www.bostonglobe.com/business/2018/10/01/john-flannery-out-general-electric-ceo/7QRPwEHxACP1PON92Vq8WJ/story.html
New CEO?
What’s does this mean?
Incompetence
In all seriousness how the F**K is Khozema still employed? This man is responsible for bad decision after bad decision and gets promoted, absurd. This dude is responsible for: 1) Materially misstating publicly reported financial statements 2)... — read more
Unable to find a buyer
Given the fact that they started this divestiture in February, my suspicion is that they were unable to find a buyer for the entire business and are trying to sell off different chunks. The team thought of unloading the automation business three... — read more
Lmfao
Stock is falling like a meteor. Lmfao! Employees leaving in droves. Lmfao! Power business struggling. Lmfao! Ruh still in charge of Digital. Lmfao! Flannery is failing! Lmfao! Thanks for laying me off just as I vested and paying me a bunch of money!... — read more
Coretech Lack of buyer?
From today's all hands I'm getting the impression if there was a serious buyer before, they've backed out, OR there never was a serious buyer and they just assumed they'd have one by now. Wonder what will happen to us if no buyer comes though... — read more
GE Digital partnership
The next big announcement should be a partnership with a major software developer and should happen 4Q 2018. The merger will morph Predix into a new direction to give an external image of a new version/approach to calm Wall Street. Internally the... — read more
Beth Comstock $4M/year
Beth Comstock Wrote a new book on how she made almost $4M per year Where was her courage and backbone in telling Jeff to stop his id--tic ideas I guess she was just a GE trophy wife.
Now's the time to leave
Leave while GE Digital is still an asset on your resume. You don't want to be in a situation in which the reputation of the company is so shot that having worked here becomes a liability. Wouldn't be the first time it happened. Just ask the folks who... — read more