General Electric warned of more job cuts at its aviation unit, citing a lengthy recovery for the airline industry from the impact of the coronavirus crisis.
The Boston-based conglomerate in May announced plans to cut the global workforce at its aviation unit by as much as 25% in 2020, or up to 13,000 jobs.
https://www.cnbc.com/2020/11/25/ge-warns-of-more-job-cuts-at-aviation-business-amid-sluggish-recovery.html
Lord knows I'm here to watch it, folks.
A while back mgmt said that 25% was the goal. They didn't get close to that 13K yet so announcing more cuts is a pretty big deal. They wouldn't have announced more if they were just completing the 25%. When this all started we had 53k employees. Does anyone no how many we have now.
"The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind." - Gordon Gekko
"Tell Mike it was only business. I always liked him." - Tessio