There were VPs, and managers laid off, and Eddie said some of the pre-layoff departures were not voluntary (they let those people save face). Next cuts shouldn't affect GED much -- the cuts were deep, and you can't cut much deeper -- next cuts should mainly affect Power/Grid in anticipation of NewCo.
Bumped from @YPYtDx5-2eje for info.
Yes. Grid solution business very different than GE Automation and both have value. Predix may or may not have standalone positive value
Rumors of GED being further split into pieces and some sold off/one shutdown. Any truth?
More cost out on the way, gotta balance the books.
Usually cuts start at the top down. That way new management has no ties to those mid level employees and can make necessary cuts. Problem here is GE just shifts people around and those needed to make cuts have ties to friends and colleagues. Best advice is continue to perform and let chips fall where they fall. You are never going to get any accurate info on this site until layoffs actually happen. Just because GE has been mismanaged in past does not mean it will in the future.