Does anybody know when GE is expecting their employees that are moving to Chicago to be in the office?
3 replies (most recent on top)
The Chicago move was more about headcount reduction than it was about actually getting anyone in the office - 90% didn't take the move package and the 10% that did were RIF'd in short order during first round. Cheaper to lease empty office space than keep tenured employees and pay out severance packages. Similar to headquarters move to Boston done under the guise of lowering taxes but really a way to shrink the bloated mothership. The mentality here is that the anything can be fixed (ie quality, lack of innovation) via a new organizational structure, and it buys some time for the new regime to hang out, cut some more base cost, and execute on their options if the stock pops.
Don't forget all the dinners...
Email from 10-15 says not before end of year. But they keep openly scheduling in person meetings, especially executives who will fly in just to do so and people work in office when they are not supposed too. That seems dumb to put the people running the company at risk. EHS turning a blind eye. So that's how safe and committed GEHC is to our health and sinking the ship.