BHGE Digital is going through a major shake up, lay-offs, refocus, Matthias losing most of his empire, people being transfered back to the business, ... Any idea what’s going on there?
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Topics regarding layoffs at GE Digital
Do we know anything new on possible layoffs? All the changes have me stressing out more than usual.
https://finance.yahoo.com/m/f971e09c-d3bf-3ffa-98fc-8b4ff95b842c/ge-sues-uptake,-says-chicago.html?.tsrc=applewf The executives didn’t do sh-- here. They should thank them. Over priced high paid losers.
And if you ever saw it, you would even say it grows! Oh that’s Pinocchio!
All the products under GE Digital (especially Predix) are now toast with champion grifters Immelt and Ruh gone. they were using GE Digital to try and cash in on tech trends (IoT, edge computing, machine learning) but failed miserably compared to... read more
He is actively lobbying to get the CEO job. Are we gettig another Bill Ruh?
What to expect from new company to be formed (i donno what the hell that means) Is it safe to stick around or jump of the ship ASAP? Is the 150% bonus deal still happening?
I wonder if CD and NR where actually listened to by Culp and Miller vs being screwed over by Fouler and BR who had the ear of no jet John. I bet they realized it would cost a ton more to outsource this stuff to a company outside GE that had to worry... read more
The feedback from the potential buyers was hard to take, but no one wanted this bloated business for the price we were asking. Ruh was only around to lure potential buyers. He failed. That is why he was kicked to the curb. So, they put CoreTech under... read more
Finally..a good decision. St least he won’t f--- up the new company.
Digital M1 team split finally announced ... Some to power aligned Some to aviation aligned Some to FDL aligned No layoff for now so good !
Also, water is wet. Turns out that when a division isn't designed to churn a profit, it's difficult to sell it to profit-seeking companies. Check your email.
Still silence on the the sale of service max and GED's sale to PE firm. Guess Bill is still stuffing his face with Cheese-It's, Jen is in denial of the attrition, and Simon is still licking Khozema's dodo off his mouth. Place is in a death march... read more
Any update on the layoffs in the BHGE Digital group? Many people are expecting major cuts to happen there soon given the idle PMs, bloated org particularly at management levels (SR), & continued losses.
I am hearing that it is being made public next week. Any other confirmations to that?
Will we learning about more layoffs before the end of 2018 or can we assume we are safe at least until January? If I remember correctly, December was never a big layoff month for GE in general, so I'm hoping that spilled over to us. Can anybody... read more
Everything I’ve read is that GE is too interwoven to break up / apart. It’s worth much less in parts. Hence the Coretech and Cybersecurity inability to execute a deal. I guess we shouldn’t expect much from the loser self interested DT leadership... read more
From the GE Q3 2018 10-Q. As a result, during the third quarter, we recorded our best estimate of a non-cash pre-tax impairment loss of $22.0 billion related to goodwill in our Power Generation and Grid Solutions businesses. Included in this amount... read more
A deal has definitely been signed. I don't know the details but everything was signed about two weeks ago. GE managed the minority ownership. I don't know about the combination of Cybersecurity. An announcement should be happening soon. I think it... read more
https://www.bizjournals.com/atlanta/news/2016/06/27/could-ge-be-bringing-more-big-data-jobs-to-atlanta.html How is this working out?
I heard from a reputable source that the deal is done but they won’t tell me who. Anyone know who the unlucky winner of coretech is?
Please Dr. Amos. Not William.
GE executives made no mention of GE Digital, software, or IoT on the third-quarter earnings call Tuesday.
General Electric Co.'s longer-term issuer default rating (IDR) was downgraded two notches to BBB+ from A at Fitch Ratings. The move, which puts GE's rating at just three notches above "junk" status.
His meeting was run by other leadership team members as he is "travelling"
One would expect working at GE Digital to not be the strongest item to put on a resumé, but time and time again, former executives from GE Digital seem to be landing good jobs at other firms. I had a conversation with one such executive who was... read more
No mention of GE Digital today?
Guess that shows how insignificant he was.
Job Cuts At GE Digital Roughly a week before John Flannery’s mid-November 2017 Update conference call, notice of permanent layoff was given to 158 GE Digital employees, per this extract from a WARN report publication, Notice date 11/07/2017... read more
BC said in an interview at CNBC that "digitalistation" or "digitalilization" is the key to GE's future.
I was personally impressed by Larry today. He appears to be embrace being a nerd. Humor. Candid. Doesn’t like the royalty c-ap. Why would a guy agree to do this if he thought he would fail? Wants to walk to work. Going back to fundamentals. Kudos to... read more
I could not have been happier to hear the organization, as a whole was falling apart and disbanding after the way they treated employees and candidates when their profits took a hit. This companies ego was its downfall and it got what was deserved :)
Anyone have any information on when this beast(liability) is going to be sold.
70+ fired in Detroit ? True False ?
If bad management doesn’t get us the spies will. https://youtu.be/FJM5rgr-pqw Just think of how many possible bad actor Insiders they don’t know. One of the biggest threats any company faces.
Let's see how long Larry puts up with his lying BS. If Larry is serious about transformation and recovery, the Bill and Khozema show will hit the road.