A clip from a post from CEO of GE. More layoffs are coming and very soon for Power.
Meanwhile, GE's short-term cash flow issues don't have much bearing on its long-term cash flow potential. For example, the power segment is hemorrhaging cash right now partly because of the cost of rightsizing the business. Management wouldn't be spending so much time and effort on fixing the power business if it couldn't be salvaged. Just getting back to breakeven would boost cash flow by billions of dollars. Restructuring today should also lead to lower corporate overhead and a better cost structure in the renewables segment going forward.