Reorganization is inaccurate and way too kind. They are selling divisions, splitting up because they are out of cash. BTW they are not getting top $ for these sales. I predict a total break up of GE - the diversity of the holdings do not work anymore. Too many vastly different businesses that are unrelated and make no sense anymore to keep bundled together. And no management team able to understand them all and run them all. Smaller companies starting up kicking GE butt. The leadership team has been treating GE as if it was a WS hedge fund for the past 10 years, the only skills they have (and not very strong skills). Zero knowledge of how things are made and zero interest in making things. So doesn't mean everyone will get laid off - more likely working at a different company in a few years. They are trying to sell not shore up the divisions.
Very good post by @W1jnJhv-2fls . It captures the essence of what GE’s leadership is doing. Decided to repost it.