General Electric Co. Layoffs

Topics regarding layoffs at General Electric Co.

GE Digital Layoffs Detroit Hub

GE Digital will be laying off approximately 10% of its employees based in Van Buren but reporting to other locations in the next 3 months.

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Post ID: @137LmN9s

GE Power Layoffs planned for March 2020

A small percentage of GE Power employees will be terminated near the end of March. This will occur at US facilities in both Engineering and Manufacturing. This lay-off will be smaller than previous layoffs and will stay well below WARN reporting... —  read more 

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Post ID: @137bAVOv

You are fired

If you are a very hard working employee hired externally without being on any GE program, then you are targeted to get fired. This lay off only apply to non GE program employee. So don't think that you will be promoted with your hard work and great... —  read more 

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Post ID: @135Tll7d

GE-Greenville ----- Slack Coworkers

I currently work at the GE Gas Turbine facility in Greenville, SC. Fortunately for me, I am very busy. However, I'm having a real difficult time dealing with a few coworkers that do nothing all day. Management thinks these guys are working hard. ... —  read more 

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Post ID: @1315mHCG

Daily MGMT, growth rooms, policy deployment

Be warned, Larry will use his Danaher past to influence GE. Daily MGMT, growth rooms, and policy deployment are simply tools used to reduce employee empowerment and micromanage employees to death. Furthermore, this is all for show and politics. So... —  read more 

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Post ID: @12LQJfJG

Job application question

It's been a while since I've filled out a job application, so I could use some help with the "can we contact the previous employer" thing. I'm not sure what to put there. If I say yes and they do, my boss knows I'm looking for a new job, and I don't... —  read more 

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Post ID: @12FStiau

Merry Christmas to all GE Lay-off victims

Many many people have lost their jobs over the past several years at GE while leaders (if you can call them that) have taken $Millions home to their families. If GE cut your job, take it as a favor. You know how miserable GE is. It is really much... —  read more 

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Post ID: @12BEUdOh

737 Layoffs on the way.

Boeing will stop making 737’s and likely in the new year layoffs will happen at Aviation.

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Post ID: @12zt22sY

Passing the time until something better comes along

GE is freezing the Pension, initiating Tier 2 pay, cutting benefits, and layoffs. Where's the investment in manpower? The old guard is getting old and leaving. The new will be whomever they can find. The old days people would feel like they've made... —  read more 

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Post ID: @12lQ9Oj6

The road to recovery

https://seekingalpha.com/article/4310095-general-electrics-shares-can-keep-rising-surging-2019

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Post ID: @12jL2aqX

Miller 2.0

https://www.cnn.com/2019/11/25/business/ge-cfo-carolina-dybeck-happe/index.html

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Post ID: @12csoOY7

Power digital layoffs

Heard there were layoffs in digital a couple weeks ago. True and anyone know how many poor souls were impacted right before the holidays?

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Post ID: @128B9YwM

engineering work

now with the 7HA03 wrapped up, and alstm h-e coming to an end, engineering work is getting thin. big-o wind too. Can anyone give a heads if other companies are hiring engineers? anyone know whats going on at florida turbt? i don't think pratt & rr... —  read more 

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Post ID: @127bDlWa

Will O&G CASholes be there in Baker Hughes

With BH taking majority stake in O&G, will there be CASholes (glorified financial analyst monkeys) run around the corridors as CFOs. Baker Hugh should stop all these stupid leadership programs, or select candidates based on merit.

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Post ID: @1259hC9Q

How is GRC?

Guys, I am currently negotiating an offer with GRC niskayuna for a SPB position and wanted to know if it is recommended to join? I understand there were some site shutdowns and layoffs 2-3 years ago and there is currently a funding model change... —  read more 

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Post ID: @125CucQp

GE Pension Buyout Not Enough

Is anyone else finding that the buyout offer is way lower and does not make sense to take? I am in my early 40’s. They are offering about $100K as a buyout. The age 65 monthly Pension is about $1,800 per month. Every financial company I... —  read more 

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Post ID: @121ZcFsz

Should He Pay It Back?

https://www.forbes.com/sites/jimosman/2019/11/12/former-ge-chief-jack-welch-should-pay-back-his-417-million-golden-handshake/

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Post ID: @11ZZWVhO

Was GE's EPS beat done in a high quality way?

So a 15 cent LOSS per share is what happened in Q3, but some pennies got added back to hit the +15 cent per share adjusted earnings beat. One of those was about 8 cents per share for the surprise Alstom Hydro goodwill writeoff – am I correct? Was... —  read more 

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Post ID: @11NLdJIn

Q3 announced

General Electric Company announced on Wednesday that its net revenue in the third quarter stood at $23.4 billion, flat compared to the same period a year ago. The company's net losses per share were 59% lower in the third trimester on an annual... —  read more 

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Post ID: @11MWT1jo

Don't roll your vpa to a traditional IRA

When you go through the online portal it will give you several options. When you click lump sum there is no way to roll to both a traditional and a Roth. What does this mean? If you select traditional you will get double taxed on your vpa. If you... —  read more 

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Post ID: @11M8ZYFE

I got called back from my layoff

I do not see why I got called back from my layoff? Confused that after the contract many got called back. Is the demand up for generator parts? I’m not seeing it here I do see is the company stocking up on future orders. With that said I also think... —  read more 

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Post ID: @11HRYwnV

Don't trust GE

When I was young I calculated my long term funding for my older years . Was not counting on GE changing the rules when I got older . My advice don’t trust GE Everybody needs to remember this moving forward. I think GE has managed to destroy that... —  read more 

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Post ID: @11GRzD3F

Useful link

How Much Is GE Shortchanging Pensioners Taking Lump Sums? Use Our Calculator (Spoiler alert - it's a lot.) Desperate General Electric is cleaning up its balance sheet. One method: let 100,000 ex-employees give up valuable pensions in return... —  read more 

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Post ID: @11ECvAHF

Pension Buyout

The lump sum pays to be young but not old. If I roll to a 401k I only need to beat 4.5% on the market since I'm young. If you are older say in your 50s it would be more like trying to beat 10% on the market. The magic age looks like it is in your... —  read more 

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Post ID: @11D9A7xh

Layoffs around Christmas

Usually layoffs happen with quarter end(+‐ a week). I anticipate next one to be a week before Christmas. This. GE is pretty consistent when it comes to layoffs and I don't remember that holidays ever made any difference in when they were... —  read more 

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Post ID: @11DLGGFO

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