Thread regarding GE Digital layoffs

More layoffs as costs get cut

Only 35 people took the severance package at the Digital Hub Detroit. I would expect more layoffs in light of the lofty goal of cutting $1B in costs in 2017 and another $1B in costs in 2018, but not sure when and to what degree.

Agreed, @OHTUgYS-6qma. That is not even close to what is needed to make a dent in that number. And we all know that in majority of cases cost cuts come primarily from layoffs. Buckle up, this is going to get bumpy.

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| 1981 views | | 2 replies (last October 28, 2017) | Reply
Post ID: @OP+OOHe78U

2 replies (most recent on top)

capital, healthcare, and transportation employees will be gone. the businesses that are successful like Aviation will remain. the math is simple.

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Post ID: @1azfu+OOHe78U

I feel the fourth quarter will be pretty bad

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Post ID: @1ene+OOHe78U

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