Topics regarding layoffs at General Electric Co.

Topics regarding layoffs at General Electric Co.

GE Aviation to rightsize engineering

In the last call with investors GE Aviation CEO said: "Yes. Look, on our guidance for segment margin, as you know, we continue to ramp LEAP. And LEAP is going to mix adversely in our commercial portfolio. Why? We've been building CFMs for the last 20... — read more 

by
| 2460 views | | 9 replies (last March 18, 2019)
Post ID: @OP+Y5M73TJ

Cited from Marketwatch- For GE Power

GE’s power business, the company guided 2019 FCF to be “down,” or more negative than the negative $2.7 billion in 2018, with 2020 expected to be “significantly better but negative.” Within power, GE said its gas business is starting to see progress... — read more 

by
| 2153 views | | 1 reply (March 16, 2019)
Post ID: @OP+Y5raCqg

What’s next to be restructured?

Wondering what is next on the leadership’s plan for restructuring. What part of the company could they reorganize, divide, sell after Power? Allso, What implications could the future reorgs have on the workers?

by
| 1710 views | | 2 replies (last March 15, 2019)
Post ID: @OP+Y4iCqSV

Power- New unit Leadership taking over

Difficult again to watch at the Senior Level as Strazik and his buddies take over the business. Stripping Services organizationally in all areas like the the new units Leaders understand services even though most of them haven’t lived it. As an... — read more 

by
| 2930 views | | 9 replies (last March 18, 2019)
Post ID: @OP+Y47ltx2

GE Pads the Books...

https://www.wsj.com/articles/how-ge-built-up-and-wrote-down-22-billion-in-assets-11552469401?mod=article_inline&mod=hp_lead_pos3 As someone who watched their manager pad the books and change numbers to help build this "goodwill" disparity... its... — read more 

How much could the recent Boeing disaster impact GE?

Saw some people already posting on this issue, but I was wondering how much really could this disaster impact GE as a company. Planes with GE engines have fallen before, and yet Aviation is still there. Is it possible that we are just worrying too... — read more 

by
| 1910 views | | 3 replies (last March 14, 2019)
Post ID: @OP+Y3FSM3c

No. If it isn’t obvious already...

No. If it isn’t obvious already there is no loyalty to you from the company. Just because you didn’t look for a new job doesn’t mean they’ll reward you. Source: given lay-off letter recently and it was the bare minimum. A good comment by @Y2OPjLN-pax — read more 

by
| 1580 views | | no replies yet
Post ID: @OP+Y252ESR

Lay-off Package Reward for Staying the Course?

Any speculation that the remaining layoff packages will be better than last year to reward the employees for remaining loyal to GE and helping turn the business around? Flannery and Stokes told us why to remain; pride, commitment, desire to see this... — read more 

by
| 3060 views | | 9 replies (last March 13, 2019)
Post ID: @OP+Y2OPjLN

Any layoffs rumored for March?

I apologize if this was already a topic on this board.I don’t visit it very often and I really couldn’t find anything on the subject, while scrolling through the threads. Anything rumored in March?

How about a little competition of clarity?

Of all of the GE CEO’s who has produced the greatest employee and investor well-being per total lifetime compensation? Please provide figures to support your choice. The greatest number of employees making a living from the company combined with the... — read more 

by
| 1730 views | | 1 reply (March 10, 2019)
Post ID: @OP+Y0c3vf0

More ill winds blow for Aviation

https://www.wsj.com/articles/ethiopian-airlines-flight-crashes-en-route-to-nairobi-11552207841 Another 737 with new GE engines...

by
| 1900 views | | 2 replies (last March 12, 2019)
Post ID: @OP+Y01VJcv

Let GE know

Don’t you get tired of layoff after layoff. You can’t cut your way to prosperity. Where is the pipeline of products that will be the future? Edison is rolling in his grave watching this mess. Wouldn’t it make sense to all walk off the job until Culp... — read more 

Ego...gets you every time

Ego...gets you every time. They feel it is a do as I say not as I do right of passage. Egos were what ruined this what was once a great company. Culture not changing at top. Culp needs to bring in more outside big Leaders...fix the culture of... — read more 

Another round of layoffs coming in Gas Power

Get ready... here it comes 10-15%. Going after the frontline again....wonder when they get rid of all the people that are actually doing the work, the remaining Chiefs...( SEB and above) will realize they have no one to direct, prepare their... — read more 

SEB/ Officer Indoctrination

Is there some special class that GE sends SEB and above where once they reach that level they lose all their social skills and ability to even acknowledge those below them in the hallway? Are they now just robots or do they all feel now that they’ve... — read more 

by
| 2630 views | | 7 replies (last March 10, 2019)
Post ID: @OP+XYvbLPe

Huge Headcount reduction in Power in 2019

The negative cashflow of GE in 2019 will be due to the huge headcount reduction in Power. How can a business running in losses for last few years afford to employ 60k to 70k employees, some of them coming to work just to warm their seats!! Look at... — read more 

Washington State to ban Natural Gas Powergen

http://newstalk870.am/clean-energy-bill-passes-wa-state-senate-would-eliminate-natural-gas/ Not just new plants, but also current ones by 2025. Other states to follow...

by
| 2710 views | | 2 replies (last March 12, 2019)
Post ID: @OP+XVX35uP

Culp's comment.

The chief executive officer of General Electric Co., Larry Culp, said on Tuesday that the company's free cash flow will be negative in the current year, causing stocks to plunge over 7%. Immelt was never this transparent.

EU-506

UE 506 stay strong. Please look at past negotiations! Your jobs will be going overseas regardless, GE sold Salem site the Competitive Wage Agreement nonsense. 8yrs later site closing, going to India. I watched for 8yrs someone doing less ,earning... — read more 

by
| 2940 views | | 3 replies (last March 2, 2019)
Post ID: @OP+XQDzunK

GAAP vs Non-GAAP numbers

In his letter to shareholders Mr. Cull has provided both GAAP and Non- GAAP numbers. The difference between the two is for everyone to see. Just because you are a great company with great team, technology and network you cannot take the liberty to... — read more 

by
| 3430 views | | 5 replies (last February 28, 2019)
Post ID: @OP+XPE7Dfg

Strategic buyers pay more than financial buyers

As somebody else said, this is the best deal GE has done in the last 20 years, and everyone should be happy about it. Instead of going through an IPO process that might drag out or that might not net as much cash as desired, he did a clean sale of a... — read more 

by
| 2510 views | | no replies yet
Post ID: @OP+XPtg7Ta

Reapplying after layoff?

Ran into a former coworker - who is doing great after being laid off, by the way - and as we were talking about GE he mentioned he was given an option to reapply right after he was laid off. Now, he has no reason to lie to me, so I believe him, but I... — read more 

by
| 3750 views | | 8 replies (last March 2, 2019)
Post ID: @OP+XNY9CSC

Why Finance CASholes so obessed with CFO title

When I moved to GE, I was told that I will be working for the CFO. Later did I find that every d--k is a CFO (Chief Fuc*ing Officer). I was so disgraced reporting to these low IQ r----ds (just because they were part of some "elite" CAS program)... — read more 

by
| 2882 views | | 1 reply (February 24, 2019)
Post ID: @OP+XLTQMVN

Schenctady NY

Big money announced to be spent in the birthplace of GE. Over 2 million for re organization of shop layout. Looks like Schenectady is not going anywhere!! Well done IUE 301 work force, for making the right choices to please the powers that make such... — read more 

Another hog at the trough...

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.bizjournals.com/boston/news/2019/02/21/longtime-hp-exec-joining-ge-board.amp.html&ved=2ahUKEwiL7puMj9DgAhXvTN8KHUoQAQEQ0PADMAZ6BAgDEA8&usg=AOvVaw1-9NE0BY87ewN7Wdv7SbX2&cf=1 — read more 

by
| 3150 views | | 5 replies (last February 26, 2019)
Post ID: @OP+XKwABsY

Principles of "Jeff"onomics

Principles of "Jeff"onomics Buy high , sell ( write off) low ... every acquisition deal except Enron / Zond wind acquisition Buy back stock with cash ( $24B in ,'16/17 ) screw up debt ratio, credit rating , then screw investors ( both dividend wise... — read more 

by
| 2770 views | | 1 reply (February 21, 2019)
Post ID: @OP+XJzyXHq

No one should be surprised at the penny dividend

There is no cash for dividends let alone operating needs and debt which is coming due. This is exactly why I sold the stock when it was between $30-32 and have not bought back in yet. There is not enough cash to retire the corporate bonds that are... — read more 

by
| 2500 views | | 1 reply (February 21, 2019)
Post ID: @OP+XIOvRCX

wow...just got GE announcement their dividend ..0.01 /share

Not sure I would waste my time putting out a press release for 0.01 / share. I understand the need to make the announcement but at 0.04 per year per share total. Keep your money GE. What a damn slap in your face. We keep hearing FCF is tight why not... — read more 

by
| 3090 views | | 3 replies (last February 21, 2019)
Post ID: @OP+XHzrRWD

Doomsday In Greenville

Sooner it will be in Upstate NY as the clueless salary team is running this place like a coffee house. No one knows what they are doing but think that if people do more they would save the companies sales team for under bidding on big projects and... — read more 

by
| 3800 views | | 4 replies (last February 26, 2019)
Post ID: @OP+XEQT5Kg

Start a new thread - post a news comment, question or message:

: