Between Ericsson and Xerox announced today.
https://www.marketwatch.com/story/ericsson-cuts-10000-jobs-amid-costly-turnaround-2018-01-31-74854823
https://www.bloomberg.com/news/articles/2018-01-31/fujifilm-to-cut-10-000-jobs-at-fuji-xerox-amid-reorganization
Repeat after me..
"We are not in a recession"
"We are not in a recession"
No, it's worse than a recession.
And the connection to GE is....?
Reagan's definition: When your neighbor gets laid off it's a recession, when you lose your job it's a depression.
What is true is layoffs from Ericsson and Xerox is the result of bad leadership and changing markets.
What a dumba$$ post
Yep, it's called the economy evolving. 20,000 jobs cut is a mere pittance compared to the 500,000 new jobs created at Amazon since it opened as well as many additional jobs with other high-tech firms.
We are not in a recession.