$23B Goodwill must have been backed by some cash flow assumptions. If GE power is taking a writedown fir 23B, they are likely losing $2B-$3B of cash flow. At 15% margins, that is about $10-$15B revenue miss in foreseeable future.
This means 40-50 percentage drop in revenues and bigger drop in profits and cash flows.
Since this site is about layoffs, that translates to 40-50 percent cuts in spend, unless shareholders agree to invest in a new growth area. Considering the track record in Digital and jury still out on 3D printing, there is not much love between shareholders and management.
To rank and file it means every second or third person will be out of GE payroll as soon as they can figure out how. More pain in high cost countries like US, France.
This will increase distrust between front lines and leadership due to history of cronyism. Expertise will leave. Defect rates go up. Customers find ways to squeeze GE - unless the new leader figures out how to retain the right people and fix operations. Multi year effort. Will be mother of all turnarounds, similar to IBM in 90s.
What an I missing?