Under Immelt GE sold off its money-making GE Finance unit piece-by-piece and bought money pits like Alstom, which Immelt called its best deal in a century. GE Power is still the anchor holding the whole company down, with revenue down 22% year over year in its second quarter report. There’s also no longer a finance back-up to corporate mistakes.
A piece from an article I have read. So more layoffs are coming! Who likes to work with not knowing if you have a job tomorrow? I surly do not. I am glad I said no to the call backs. Good luck