HR Leader came out informing how people should vote. Are they that controlling? My 2 cents, definitely vote to split Chairman and CEO roles.
What about those of us remaining
Fewer layoffs? Of course. But let's look at those of us who will remain. What will we face? Stagnant wages for legacy employees and salary? Two-tier pay for new hires? Higher health care premiums and less benefits? Underfunded pension? Or better yet... — read more
Great idea!
What these CEO's and their right hand people make is ridiculous! I just cant believe how I--MELT and a few others destroyed GE! I dont believe they didn't know the true story of the financial condition. All they did was play a numbers game and hide... — read more
Smoke and mirrors so what GE Stock jumped today by end of the week it will sink
More layoffs for Power call backs in 3 years if your lucky. Bye bye cry baby T Rates. D Rates Own Schenectady
Hope it isn't still smoke and mirrors and financial gaming. More restructuring to come and cash is needed
The company reported adjusted industrial free-cash flow of negative $1.2 billion, compared with negative $1.8 billion a year earlier. Some analysts had been projecting more than $2 billion in negative free-cash flow for the quarter, especially after... — read more
Biggest problem at GE ... No Control
Culp is stating the same stuff from years ago. No focus on cash now, Cash was King years ago. Lean missing, lean was rampant and the Toyota people were running crazy all over the place. What happened, leadership got complacent. Maybe Culp will... — read more
With positive results, can we expect fewer layoffs?
Or is it naive of me to think that would make any difference?
GE CEO Larry Culp Just Might Be Worth $232 Million ... Really?
Nobody is worth that much. Particularly in a company that still has in excess of 200,000 employees. Still the rich getter richer off the backs of the masses
GE beats Q1 expectations
GE beats Q1 expectations, boosted by oil, gas and aviation General Electric (GE) reported first quarter earnings on Tuesday that beat Wall Street’s expectations, with weakness in its beleaguered power unit partly offset by strength in its oil, gas... — read more
Who else left on their own or was shown the door? Robert Green Power CFO gone
Any other senior leaders moved out or decided to leave?
Siemens wins 15 billon order over GE
It seems that layoffs are sure now https://www.bloomberg.com/news/articles/2019-04-29/siemens-wins-iraq-power-deal-as-ge-jostles-for-15-billion-deal
At what locations are they cutting?
Is there any word at what locations are layoffs carried out this time? Are they limited for specific locations or should the employees be afraid at any corner of the company? Pease post If anyone has any more precise info.
Inside information on this next contract this year
The local unions are going to sha-t over us t rates again. No raises, more in healthcare premiums, no job security, taking less money away from d rates. Less vacation time, less holidays. It is the upmost important to vote yes or Greenville and... — read more
345 times greater that median pay. And GE Layoffs Continue to happen. Why?
General Electric (GE), May 8. Proxy advisors recommend that shareholders vote against keeping KPMG as the firm’s accountant. This year, GE disclosed massive charges related to insurance operations and a need to put $15 billion into reserves over... — read more
Layoffs started...you won’t believe where
Well again Power (Strazik) has out done himself again. The infamous bean counter laid off all Office Administrators... get this ( only those supporting Leadership below the SEB level). Seriously as if this is going to make a dent in the numbers; yet... — read more
To what degree will the Power layoffs go?
I mean is there any concrete number that they want to reach with the layoffs or are they cutting wherever they think they can. What percentage of Power employees has been hit already?
It’s Huge A Thon Lay-off Time for Power
Get ready the smaller layoffs have already started last week. Many more layoffs to happen by around July 4th.
Any info on layoffs?
Seems that not hearing about layoffs happening, while at the same time knowing that they will happen and that it’s only a matter of days is making me even more nervous than when layoffs are in the process. Any layoffs reported in the last day or two?... — read more
How does new job affect severance?
Coworker who was laid off earlier this month already has a new job. He actually started literally a week after being laid off, he said. i didn't think about that at the time, but now I'm wondering - will starting a job right after layoff affect... — read more
Will CAS/XLP be part of Layoff after the earnings call?
Have not heard anything about these 2 programs. I hope they cease to exist as they provide zero value in today's market.
Does Culp have any direction?
I haven’t seen a lot of out of this leadership, other than a panic urge to gather cash via selloffs and layoffs. Not even the sight of innovation, or a new direction of the company. I have to admit I had my hopes up for this leadership, but as time... — read more
What’s the extent of the layoffs?
See this thread on the board about layoffs taking place. See people are getting cut from different parts of the company. Is it possible to determine how many people were hit by no, at least approximately? Is the management deliberately targeting a... — read more
Will there be anyone left at Schenectady?
I mean seriously. To be honest I’m a GE employee that doesn’t have a connection with that place, but as long as I’ve been on this forum, and I\ve been on it for quite some time, layoffs at Schenectady have always been mentioned. What’s going on... — read more
Not a place to build your career
Talked to one of the new guys yesterday and I was shocked to hear him talk about this place as a great career opportunity. He honestly thinks he'll be able to build his career here. I can't believe there are still people who are that naive. How can... — read more
Chop Chop! Today is another Layoff Day!
Hearing of a few dozen at GEP, spread around various US sites.
Power-Food for thought before the next big wave of layoffs
There is a better life after GE! I got my walking papers and it was a blessing seeing the path that awaited. Now 1 1/2 years gone after my 17 years of white collar service and my life could not be better. My advice is to start looking before your... — read more
Crime does pay. Former GE CEO joins Alameda startup that lands $170 million in funding
I Melt keeps raking in the dough as employees get screw_ _. If nothing else he takes cares of himself. Crime does pay
Moral is the lowest that I’ve seen in my career
That’s my general opinion, and I believe the same picture can be seen at other locations as well. People are jumping on any opportunity to leave the company even for a lower pay. Don’t really know how people can operate in such an environment, much... — read more
sinking ship
Per GE Voices: 127 years ago today, the Edison General Electric Company and Thomson-Houston Electric Company combined to form GE -- and we've been changing the world and bringing progress and possibility to every corner of the planet ever since. Same... — read more
What’s the leadership next move?
Any word about that? Are some other parts of the company set to go for sale? Any splits, spinoffs, reorganizations? Does anyone have any idea what they are going to do next? It’s hard to think there will be more shifts sooner rather than later.
INTERESTING
https://www.archyworldys.com/a-close-friend-of-macron-takes-the-lead-of-ge-france-in-full-restructuring/
GE has become a real mess
And I say that as a long time worker that seen good and bad times at the company. Layoffs are always on the table, the leadership looks indecisive in what direction they want to take the company in, parts are being sold and debt is piling up. It has... — read more
More layoffs for Greenville and Schenectady in the works
There is a new Charlie Brown special coming out about his parents loosing their jobs at a manufacturing plant after is closed due to corporate greed and corruption. It is called “The Great Onion Patch”. The saga continues. This contract will be the... — read more
I Melt strikes again as GE to pay $1.5 billion U.S. civil fine over subprime mortgages
Yet another game changer by the master of none. I Melt acquired WMC in 2004 and led the way to defective subprime mortgages. Wonder how much of his (and his cronies) bonus was jacked up as a result of those defective mortgages
What business is next in line for layoffs?
Today it’s GE digital, but I doubt the layoffs will be restricted only to that business, but are a part of more massive restructuring efforts on the level of the whole conglomerate. I would like to get some thoughts on what part of the company is... — read more
Power - culture toxicity and lack of trust impacting customers
What happens when bureaucrats feel like they’re losing control.? Simply put let’s add more layers of approvals, meetings to discuss decisions and then let’s have another meeting to discuss the actions that just came out of that meeting so we can... — read more
The buddy buddy system alive and well in Power
Don’t get blind- sided like so many of you seem to be as I read through these threads. Another massive layoff about to happen and if you think you’re immune your not unless... your on the Strazik “preferential” list. Consider the fact again certain... — read more
Got laid off today
I had just joined few weeks back and got laid off yesterday :). I saw the feed back on websites but i was so much blinded with GE that i didnt care about those and still joined. and now feeling that i have been screwed real hard. I know, even if i... — read more