In late 2015, after hiring 400 - 500 employees in low-cost countries, ~200 IT employees were laid off at GE Healthcare, mainly in Milwaukee. In April, another 200. In October, between 100 and 200, and rumor has it that another action is scheduled for November.
The first two layoffs were skewed mainly toward older, more expensive employees. The QA department also saw significant reductions. The last action affected younger employees and some executives.
One of the reasons for the good results is that leadership has been cutting costs. For many departments, like IT, that means cutting heads.
Haven't seen anything in the news on this.