Amazing..... Corporate more than double its head count.
https://seekingalpha.com/article/4213762-ge-employee-headcount
A layoff is approaching....
5 replies (most recent on top)
Look for the notifications just after Thanksgiving- it’s called the f#$k you Merry Christmas, Happy Hanukkah, Happy Kwanza method of business. Even the Culp factor won’t change that.
corporate is as a result of shift to shared services. otherwise the businesses would have higher headcount. question now is will the businesses be more efficient and have lower overall cost by shifting activities back to them
Summary:
|||| Power – actual and planned employee reductions are not keeping up with falling revenue and operating profits. $50 million to the French government might be an easy decision.
|||| Corporate & Other employee numbers – more than doubled from 14,000 to 28,500 in the 3 years ended 2017.
|||| internationalization - The increasing internationalization of GE is impacting on US management and US employees. Will age bias become an issue for US headcount reduction?
|||| The Culp Factor - Larry Culp has the unenviable task of reducing employee numbers, introducing changes to organization and culture, while maintaining employee morale, and preserving GE’s extremely valuable human capital for future growth.
https://seekingalpha.com/article/4213762-ge-employee-headcount
very to the point article... I would think if an outsider like the author can frame it so well that Larry Culp will figure it out. Probably should be looking at 30% across the board job cuts with these numbers heavily skewed towards corporate, plant closures and antiquated technologies. If done right the focus needs to be on Chiefs,...not indians! This is perhaps where we've got it wrong so many times in the past. Ironically...still thousands of jobs posted.