Layoffs likely to occur Nov 30. This way they give you 4 weeks' notice and you are off the books as of Dec 31.
I've heard something similar from a few folks at the office. However, it looks to be more of a widely accepted guess than something based on concrete info. Anybody knows which is it?
1,000 layoffs in Atlanta on the 30th of November
Why do you assume they will give you 4 weeks notice to steal everything you can carry? My own guess, for what it's worth, is that they will wait until Christmas Eve and have the sheriff turn you around before you get in the parking lot. There are some new "No Trespassing" signs recently posted at the Greenville entrance roads, wonder why?
End of year lay offs are designed to get employees off the books by Dec 31.
With the 4 week notice, this enables GE to close books and make numbers for year end.
You will find that even though this is very disruptive, it is better to be away from a toxic work environment
Good luck to everyone affected
Severance is not better at EB...6 months that's all folks. Rotten situation that we are paying for with our jobs...those responsible for the mess don't need to worry about money! GE is not treating employees well.
With respect to the manager's not knowing, if they are an EB and they have someone being impacted, they absolutely know. I am a manager in Power who is voluntarily retiring, but otherwise would have survived this initial reduction, so I have some insight in to this. What the manager does not know for sure is their own fate. A manager not involved in the planning with Russel Stokes down in Atlanta, which started weeks ago, can already guess, but they all know that in the future, if you don't have seven or more reports or are an extra layer, you will either be moved or lose your job. Quite simply, they are looking at getting the most work done for the least amount of money.
I have been out of the loop, but getting information from an EB who is staying, so I know some senior leaders won't be there. That said, the math tells you most of the people getting impacted are SPBs who either have few people reporting to them single contributors where someone else could do their job with a bias toward keeping the less expensive and often times younger employee.
I don't know the date, but the voluntary retirement is November 30th, a Thursday and the managers are busy that day, so my bet is the 30th or Friday, the 1st. The plan all along was for a consolidation afterward, and then more reductions in Q1 and beyond per Flannery's own words.
In Greenville, in GTTC, if you see plain clothes and extra security you know you're within days of this occurring. The package will be one week for each year of service, which Ge doesn't have to do, but in France and Switzerland, you get a much better deal, even if GE pays fines as it's mandated by law (18 months in France).
Best of luck to everyone. If you can move, there are plenty of jobs.
Layoffs at GE have been happening this week. Oil &a Gas Tech Center in OKC today and this is just the beginning
The earlier you go out of GE, the better it is for you. Working in an environment with a sword hanging on your neck all the time is very disgusting and depressing. All the best friends. Go find a job outside of here. I am doing the same. Fortunately economy is better now and we should get another job soon. Never expected I will leave this company like this....it's sad :-(
@1tml no they are not
They are starting next week.
GE severance is 1 week per year of service.
I don't think they're police. They are additional plainclothes security, at least the ones I saw upstairs in GTTC.
Horse droppings. GE doesn’t “announce” layoffs without details. This place is horrible!
I heard next week for Greenville. Just uncertainty on the day. I hear in Greenville they know because there are police in the buildings.
November layoff is announced in Greenville, but details are not disclosed.
Just like we were supposed to be layed off November 1st right?smh
Too much delay in layoffs will speed up GE’s bankruptcy.
Pure speculation. Some folks are already jumping ship...lost 2 from my team in the last 2 weeks. Both went to competitors, and both were solid engineers. GE is digging their own grave with their poor management practices.
I seriously doubt anyone in the offices knows anything.
It is just different today than 20 years ago. GE always had layoffs here and there.
I got caught in the cycles between Aviation and Power twice. Was lucky enough to move back and forth just at the right time. In those days they had excellent relocation packages.
In the 90s no one had advanced notice of layoffs. Only thing that would give it away was the news trucks at the entrance to the campus. If your login didn't work that was it.
Happy Thanksgiving and Merry Xmas to all. Pretty crappy time to go find a job. Walmart is looking for greeters! We all know GE wants the resources off the books by Dec. 31, 2017 . Hey GE sales team go win some orders to save some jobs !
US does have a target date for notification by 11/30 at least for the engineering teams. Names and numbers not set in stone. Bottom line , given the condition of the company and the stock price this will not be the only step or last layoff.
@Q3qZoBp-htk, I hope they (GE Leaders) are watching this board. I am willing to bet this is a very different view of employee sentiment. Much different than the dumb employee survey that they pretend is "anonymous".
Someone else who thinks they can predict the future. As a US GE employee you get 1 week per year of service with a 4 week MINIMUM.
My manager seemed to know as he redistributed a contractors work who was laid off first to people on the team that were staying and I mysteriously didn't get anything . I was laid off a week later. It's clear he knew this before he redistributed work as layoffs don't happen that fast. I already had the IT block but didn't know why
@htk the severance isn’t what I’d call “generous”
GE employees in Europe get “generous” packages. E-band in the US get “generous” packages...the normal guy/gal in the US gets very little by comparison (it’s not even close)
Confirmed
I have heard that but I think it is just a guess. Flannerty chose that timing at healthcare for layoffs when he was there. It does him no good to let go lots a people at a time unless he plans on closing the office. Employees are still doing quite a bit of work that someone will need to do after layoff at least for awhile. Good luck to us all.
I hope you folks know these boards are being watched.
There are lots of trolls trying to get you going on here. You can't control what is coming.
Just focus on your work and deal with the outcome when it is relevant.
GE is generous with their severance packages and reeducation program offerings.
Quit asking your manager as they don't know either.