http://fortune.com/2017/12/07/ge-layoff-power-business/
GE Is Laying Off 12,000 People From Its Power Business
General Electric plans to lay off 12,000 people from its GE Power business unit as part of a broad effort to cut $3.5 billion in costs by the end of 2018.
The company blamed the layoffs, which represent about 4% of its total workforce, on a weak global power market, including the gas and coal industries. The company had about 295,000 employees as of December 2016, according to its corporate website.