Thread regarding GE Digital layoffs

GE Digital lays off hundreds due to poor corporate management and constant “reorganization.” This comes after two other rounds of layoffs in 2019. Two years ago, GED decided to “regionalize,” building teams throughout the globe, while simultaneously laying off the entire Sales vertical saying other business units will push GED sales via BU to BU transactions. When this 2018 plan didn’t work, in 2020 they brought together Power, Manufacturing, and Oil & Gas verticals. These BU’s had been building their own Digital products and services in order to harbor their sales within the associated BU, rather than passing the projects to Digital. In the meantime, the org got a new CEO and has gone through the leadership shuffle three times in just the past year: new VP’s, new senior/executive band positions, with not a single new name nor one person promoted based on merit. This leaves the employees who do the actual work alienated, and as targets for layoffs to support corporate greed. This week hundreds more were announced to be laid off from the business at locations throughout the US. Also business-wide, two weeks ago annual 3-4% raises were frozen indefinitely and any hiring from outside the organization is frozen. Invaluable talent is being lost, impacting customers as they see streaming new faces and don’t get the support they need. Product is also affected as needed changes do not happen and rival companies offer better, evolved solutions. If one seeks to understand how management red tape and lack of strategy can strangle its own culture and plummet sales, this would make a good business case study. GE Digital was once successful in 2016 and 2017, but like other GE cases, their eyes got too wide and the glory hound expanded with no strategy nor stability. The hugely internally-focused organization has become its own worst enemy.