Layoffs are coming not in December but more likely in September. They must get employees off the books by end of the year which usually can take 3 months or more. I do not know about hourly people but I know a pretty well positioned guy in management who told me planning is actively under way. New CEO wants to beat the 1B savings for this year so cuts will be deeper.
They are targeting the older higher paid workers so if you fit that description be prepared to get the infamous email from HR. If you survive this time don't be too complacent because they are targeting another 1B cost out next year and with protection given to the European ALSTOM employees they will come back and hit the US employees again. You can thank Immelt for your unemployment with his boneheaded decision to by ALSTOM a bankrupt company. Clearly the WORST CEO in GE's long history.
@OxCQJWS-bobo posted this in another thread, bumped up for info.