Thread regarding General Electric Co. layoffs

Culp just fired 100 senior employees from Healthcare!

Link here: https://www.facebook.com/photo.php?fbid=1509033979305203&set=p.1509033979305203&type=3

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| 3211 views | | 8 replies (last June 27, 2020) | Reply
Post ID: @OP+15coOYPZ

8 replies (most recent on top)

Healthcare lost many field engineers, administration and some even lost a days pay until things get better. The objective is lower higher pay personnel and replace with interns who eventually will be hired at lower wages. Eventually all benefits will get slashed and pension for all will be frozen. Sad that poor upper management destroyed our company. Sad too we were blinded with smoke and mirrors!

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Post ID: @tufm+15coOYPZ

Culp missed a few in Schenectady

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Post ID: @aqir+15coOYPZ

Can’t file bankruptcy when sitting on billions in cash. Dumb idea.

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Post ID: @9jay+15coOYPZ

GE should file for bankruptcy, reorganize and have a new beginning on a clean slate. Right now it is like a elderly family member with terminal cancer.

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Post ID: @1ezg+15coOYPZ

Seen this before 2007/08. E and SPB bands were culled

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Post ID: @eev+15coOYPZ

Seems like an exaggeration. More likely they reduced salaries of a few upper level managers and let go a few lower level. Typically at GE the senior mgmt is last to go.

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Post ID: @qjz+15coOYPZ

Several I work with have had hours and salaries cut. Some layoff. Extent not clear

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Post ID: @kva+15coOYPZ

Fake news!!

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Post ID: @nyh+15coOYPZ

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