Do we know yet how the split of GE will affect Coretech and IT Risk? Both were tucked inside of GE Digital (moved from GE Corporate) a few years ago mainly as a financial move to bury the costs of operating each inside of a business. But now, with GE Digital planned to live alongside Power and Renewables, it sounds to me like there is no guarantee GE/Aviation or Healthcare need to continue to consume Coretech's or IT Risk's services any more. I suppose parts of each can survive in the new energy business, but it sounds like there will be massive downward pressure on headcount for both Coretech and IT Risk. Am I mistaken?
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Well, there are some who might get displaced from their jobs who have been promoted at least one or two levels above their heads as a retention tool and/or because of the buddy system. Those people, especially ones who ran their life expenses up assuming they would never leave GE, are soon to get tested in the job market. Many who actually could get other jobs have already left over the past few years, and what is left is pretty far from what you could call the "A" team.
Good bye and good riddance to CoreTech, let the door hit you on the way out.
I think you are correct. There may be some downsizing. When the false prophet was convincing JRI and staff to plunder funding across the company to fund the machine learning approach to predicting maintenance costs, it was Power that stood up and said it would work. The new GE Digital was funded by de-funding useful work across the Corporation, and produced nothing in return. It's only fair that GE Power should own their mistake going forward. Of course it's possible that a big data method can work with small sample data, but that will require a breakthrough. Good luck with that. Otherwise some people will need to go.
some will go to the new businesses, some will remain and the rest will be shuttled out the door like so many other GE activities