Anybody feels like GE is being systematically destroyed by a bunch of millennials with no experience and very little knowledge?
I'm not saying they are all the same, but this seems to be the demographic that is taking over the company, and I don't see it working out in any way, shape or form.
Anybody else thinks we need some of those older employees back to get us out of this situation?
Personally I blame anyone who has gone through the LP programs. They are brought in with zero experience, go through some program and are suddenly "leaders" who know more than people who actually have experience in their given area. Besides GE's leadership is more than happy to RIF people with experience / get work done in favor of having a slot for the LP golden children.
@1zjh you ignorance is embarassing
@1zjh you ignorance is embarassing
GE hates older workers and would euthanize them if they could. The wisdom is a threat to the incompetent leadership.
Don't you think it is a bit stupid to blame the millenials for this? Being a gen-x person, I'm pretty tired of the millenials getting blamed and think the baby boomers have some responsibility for all this to shoulder.
While I don't agree with blaming the millenials for this mess, since it started long before we began to hire them en mass to replace the older workers being let go, I will agree that we did and still do have many inexperienced and clueless young ones in management that have no business being in those roles.
While they may look great on paper, have great attitudes and work ethic, they lack the knowledge that only experience can teach. It may have been intentional on GE's part to have management staff who are "yes" people that will walk/talk the lingo, drink the proverbial kool-aid, not question anything, lack the knowledge to critically assess or experience to know better, but instead just follow orders. This gives them an easily programmable blank slate employee to serve as a manager doling out the directives of both the older and younger, higher ups.
The problem with the millenials in management is that they have very little, if any, relevant experience, don't know how to manage people (or program or project), communicate, resolve conflicts, critically assess and think through decisions, let alone work with, the older workers, so they tend to engage more and promote their younger buddies if the opportunity arises. This is a cycle that perpetuates incompetent management.
If you think about the events in the past decade that occurred prior to GE's failure, you will notice that most of the poor decisions were made by older, very stupid and clueless upper management who, for years, perfected the art of promoting their incompetent buddies, relatives and network connections. I don't know if their intentions were to grow the company or to make decisions for personal gain, but they made very bad decisions. These people were and still are incompetent. GE not having 'cleaned house' at the management level by now, raises many red flags. I think GE has proven it's fondness for cronyism for many years now, so millenials in management aren't doing anything new or worse than what the older management was doing.
Yes, GE's younger management is incompetent, dumb and piss poor, but this is not their fault. They are doing what they are told and like any other worker, looking for a job when they were hired by GE. GE's existing older management created this disaster, while making very short sighted and dumb business decisions resulting in its failure.
The reason for millennial hiring is no one with experience, and value would entertain working at GE for sub-par salary, no chance of promotion/recognition, and a hostile/untrustworthy work environment doing two to three jobs at once. Millennials did not cause the state GE is in today, greed at the top, lack of trustworthy and intelligent business direction did, along with Wall Streets overbearing coverage.
The problem of this company is that meritocracy is long gone. vast majority of people who spent 10+ years in this company are either incompetent or badly under-utilized.
GE is bad in financial capital allocation (everyone should see it by now), but even worse in HUMAN capital allocation. I frankly cannot point to any promotion around me that was truly deserved. in 10+ years of tenure.
The lack of trust at all levels of the organization is unbelievable. Everybody tries to screw each other. Jeff screwed John. And everyday countless of John Doe are trying to screw countless of Joe Public. in GE, if you are not suspicious of your colleagues and bosses, your life is miserable. This is probably the single most important learning of my experience in GE: do not trust others!
Dumbest comment ever. How could you possibly blame 20 and 30 year olds for the mistakes of previous leadership? When the decisions were made that got us to this position, those people were in High School. Unless Immelt consulted kids about outsourcing or acquisitions during his last career day at his kids school, your view is horribly wrong.
yes!!! we need them guys with 30 years of experience being pushed by hr in favor of useless Edissons...
Yes all of us 30 somethings are the problem. The 50s year old exec were not the ones the drove the business into a tree.
Hindsight view. Boy, why you did not say or do anything couple years ago?
What millennialis are you referring to as my business has almost no salaried employees under 40 in the US as all hiring has been done in ether Mexico, India or Eastern Europe over the last decade while work was outsourced and plants were shutdown in the US which was the result of Jack, Jeff, John and their ilk.
You crack me up. Lets blame a younger generation for years of out sourcing and sell offs. Jack, Jeff and John are they millennial's?
Look at Jack if you cant be number one sell it. What should be done :This makes no sense if your making a 10% margin keep going and figure out how to make more or understand your not number one but it will still make profit.
Look at Jeff lets sell off banking, appliances and stream the company. What should be done: Kept GE money bank which made 2 billion last year under stock symbol SYN. Make better appliances. Keep eye on energy market to be prepared to deliver 15% through renewable.
Look at John Lets talk about a split of health, aviation and power What should be done: All financials probably cant be trusted right now from GE. The only way out might be a restructure the debts and clear the books. Offer retirement packages to get rid of some older workers comfortably. Understand where the market is going and finding ways a conglomerate can support each of its divisions in down turns.
But lets blame those young worthless millennial generation. Those millennial's I dont know who raised them but if we can find them we can lock up there parents for not teaching them the right way to run a company or do anything in life.