Job market is good now. Might not be as active around the holidays. If you are at risk but anticipate a pay-out: stay. If you worry more about income security around the holidays and first of the year: get out into the market.
Before the Immelt's retirement was announced I worked on plans to eliminate 25% of SPB+ out of my business unit-- getting the older ranks with higher pay to move out and make way for lower ranks to advance their careers. EB+ and officer levels have exploded over past few years, and there's only so many ways they can make new jobs for what is essential SPB level work. GE also has to rationalize product lines and factory count - they have too big a footprint and some low performing product lines that need to be eliminated.
Put on top of that GE has abysmal cash performance and bloated headquarters - there are changes that need to be made to make the company stronger. No one should feel safe. I was honored to work at GE, but I chose to leave when an opportunity came 2 months ago, and I have been much happier and feel more secure.
Everyone's situation is different, but with a good job market and the skills you have acquired at GE, the world is yours.