Thread regarding General Electric Co. layoffs

The buy high/ sell low strategy lives on in GE. Abandon hope all ye who work here.

Agreed. Oil and commodities in general may worth a mint in the future. Why not sell aviation for some real money and then invest in the future. Aviation is at a premium now. That's the money move. Sell high. Very high.

Another stellar move, oil is down $20 in a month and this is when management decides to accelerate the sale of an oil services company. Brilliant, now 4B turns into just over 2B. Smooth move Larry. Time to complete your team and bring in Curly and Moe!!

:O

Oh brother.

"I’m starting to think the majority of people posting on here are disgruntled ex employees that have been laid off."

Ya think? The rest are bitter retirees.

Communicate dysfunctionally is a new diversity now. Can't wake up a person who is pretending to sleep.

So what are we saying here bankruptcy 100%

It's not a question of negativity. It's a rational plan for building a solid business. It is interesting that people will launch personal attacks when they don't have a rational points to make. Not sure why layoffs make anyone happy. I will have a good job regardless of what happens at GE. A little accountability would be a healthy development though.

A lot of you negitive people will be laid off soon and I can’t wait!

The idea that one man at the top can pull levers (debt) and save a company is more of the arrogant nonsense that created this crisis. Companies need steady organic growth to be solid long term. We are seeing the result of the overlevaging.

Levers? Do they have a printing press printing $. GE needs cash. Buying BH in the first place makes no sense. GE already had too many different hats.

Just because a company is desperate at one moment doesn’t mean it can’t be successful down the road. GE has many levers to pull with the right man at the helm. I’m starting to think the majority of people posting on here are disgruntled ex employees that have been laid off.

We are way overleveraged. The sad thing is that the executives won't admit they were gambling with people's lives and lost. People got hurt in irreparable ways. They will say it was an unforeseeable downturn in the markets. The unforeseeable is the reason you don't overleverage and why you need a solid foundation when the storm comes. Don't they teach this in school anymore?

What LC is doing, JF did them all. The fact is if you do not increase the white blood cell count, no way to stop bleeding.

One more hint: page 168 of 2017's 10k. Would understand why someone need to send favor to hide this piece of information for a quarter. Nothing to do with pension.

Rates are going up up up while the credit rating goes down down down. Suddenly “selling” a turbofan to GECAS to lease out doesn’t feel so good. Credit quality is going to drag down the good businesses.

If GE were able to service the debt it wouldn't been selling assets at fire sale price. This movement is a desperatio sign. Two weeks ago they said it would take years to sell GE's stake in Baker Hughes. Also there was a contract that prevented GE from selling Baker Hughes shares until July next year. All sings point to a state of desperation.

Many people are $200000 in debt with a mortgage without it being a financial crisis. What matters is being able to make the monthly payments.

The real question is not how much GE is in debt but how much income they need to service the debt, and whether they can make the payments. The $30 billion shortfall in the pension is not due tomorrow.

Look at at it this way. If I were 200k in debt with no real income increases likely, how serious would I sound if I told you I was going to sell my 4000 dollar Chevy to make some progress?

Honestly there is no time for small asset sales. When you are this far in debt with no or little FCF, it's time for major changes. 4B just buys a very little extension.

All they need is the first quarter, so at the beginning of 2019 they can use "run it as you own it" to attack LC. Just like what they did to JF.

Revenge? I am fighting for GE while some sending "friend and family" code out at the company's cost.

Say "hi" to Bolts when you are at blackstone.

LC was still dreaming about fair play and athlete spirit while fighting with sharks.

@W7hgWlz-xdd , GE is a publicly traded company. If they're announcing a one time "bump" to the bottom line, why hide the fact that they are also reducing top level head count, which would have a much bigger impact on the stock price and also show Culp is serious about trimming the fat?

@W7hgWlz-pjx-Culp is trying to clean up the mess left by Immelt. What you aren't seeing announced is a reduction that has been and is continuing to occur in the Executive level but that just improves your expenses and maybe cash flow. When you are carrying 116B in debt and a $30B pension shortfall, you $ to pay down. You may want some revenge but most of want the company to survive.

4B, big deal. Get rid of 10% of the top 5000 executives and GE could save that much every year, not just a one time deal. Culp is just another corporate mouth piece thats just spewing BS.

Not sure how you see this as rah-rah, it is a tangible step towards the repair/recovery, maybe the salvation of GE.

More news from the top I see. How about some accountability instead of rah rah.