That is $10 Billion more since the original post 3 days ago
8 replies (most recent on top)
The top brass are still making $Millions. Maybe just a little less than normal.
who gives a damn?
I personally predict a large number of layoffs but I don't believe they will be long term. Once this coronavirus clears up, they will more than likely be back. I'll guess 1-2 months. Only time will tell how good of a guesser I am.
Huge layoffs are guaranteed at GE very soon.
@eou+13WIph5B- true statement but not every company is in the same shoes that GE is trying to baby step out of. Layoffs are predicted!
GE has lost $240 Billion while the rest of the market prospered. Saying it’s ok because everyone else is losing is not an excuse for GE’s poor performance during times of prosperity.
Historically GE has been above it all when something like this happens. Yes it takes a hit but is able to manage it very well. In this case, GE has been hemorrhaging for a very long time now. It is totally unprepared to deal with this, as is most of its workforce. The people who work for GE are probably the least healthiest ones since before WWII.
So, what else is new? Every other company has lost one third of their values.