Saw this from another users comment. GE CEO makes $21 million a year. Meanwhile, those of us making less than $70k a year will soon be laid off and struggling to find a job in this economic crisis. For all of you who have families to feed or college... — read more
Topics regarding layoffs at General Electric Co.
These are permanent cuts in wilmington nc.
10% of US workforce, 50% lack of work for MRO employees for 3 months, hiring freeze, cancelled salaried merit increase, reduction of contingent employees. Aviation CEO to give up half his salary. Coming soon to the other businesses, especially... — read more
They just got notified of a confirmed case of COVID-19 in the Rutland plant. We new this was going to happen. They said not to come into work until Wednesday, but we aren't going to be paid during those two days. Ya'll, sh– is about to hit the fan... — read more
It is virtually impossible to social distance 6 feet at the Schdy plant. I do not want a layoff but I also do not want the virus. We should NOT have been working this week. Guys are coughing and sniffling and congregate near time clock like its just... — read more
All of ny businesses have been told to close unless deemed a necessity. Does schenectady stay open or closed?
There you go, time to get the payment... U.S. antitrust regulators cleared General Electric’s biopharma division sale to Danaher Thursday evening. The deal, which will bring $20 billion into GE’s coffers, is now slated to close March 31, in line... — read more
Lets get real, nobody is being 'forced" to go home. Everybody is already complaining about coming in and can't understand why they have to be here in the first place. Once announcements of layoffs start happening, watch how quickly their tune... — read more
On a more serious note, if hourly employees are forced to go home for a certain amount of days for this covid 19 fear. Will g.e do the right thing and pay them for 3 weeks?
Has there been any talks of closing plant for the coronavirus? Rumor I heard was that GE is gonna be close for 3 weeks... but on the bright side they gonna pay us 3 weeks of full pay plus what we would have gotten for overtime!!
I can't believe the HR lead sent out an email today trying to s— up to the new GE leadership traits but not touch anything about Corona virus. Can't believe GE does not care about it's employees at all...Why can't people work from home and a... — read more
That is $10 Billion more since the original post 3 days ago
GE Market Value now down $52.35 Billion since February, 2020. Since 12/28/2015 GE has lost $240.46 Billion in market value. Layoffs haven't even started at GE. This is bad news.
GE's market capital has decreased over $40 Billion within the past 3 weeks. That's 40 Billion with a "B". Good luck to all as there is more pain on the near horizon. Layoffs always come to GE. Now it's a sure bet layoffs will be sooner rather... — read more
Comments??? So many unknowns…
I'm sure we are all very disappointed. (Bloomberg) – General Electric Co. is gaining some favor over its top skeptic in Wall Street, who cited a better-than-expected performance last year. JPMorgan’s Stephen Tusa upgraded the shares to neutral... — read more
GE has been a corporate shipwreck for the last decade, where infamous Madoff whistleblower Harry Markopolos warned in late 2019 that the company's 'cash situation' is a lot worse than the company's filings would suggest. Markopolos said the... — read more
The only hope GE had left was the experienced workforce that stayed because of pensions. GE Leadership has been frustrating employees for decades with their incompetency. Now with the looming pension freeze, the mass exodus of these employees will... — read more
WSJ reports GE shed @78,000 workers in 2019 https://www.wsj.com/articles/ge-shed-about-78-000-workers-in-2019-11582583693
GE Greenville has lost all welding Certifications.
Larry Larry Larry. Can't you get better help. Why bring back a 20+ year GE veteran? You should be getting rid of more of the long term execs not bringing them back. They are the problem and you claim you are focused on problems and leaning them out.
Seems like every couple of years GE changes its values. I get it, new CEO and everything but c'mon, no focus on the fundamentals. How long will these last?
The past 4 years in particular have been challenging for GE Digital with respect to GE Corporate realignment and cost consolidation. During this time, GE Digital has seen employee reduction, profitability decline, and a deteriorating customer base. ... — read more
I am here rumors that Baker Hughes is legitimately going bankrupt this year. Any truth to this or just rumors?
Minimal rumblings.. either they let everyone go or very little
Good luck to all the former GE workers in Schenectady. The Power Division wishes you the best!
Same exact comments were made in early 2000. If you are betting person and want your money in the long run take it elsewhere. Nothing has, will change. GE is still not mission based and therefore it is not able to mobilize the organization... — read more
Did you catch the comment on pension forecasting that was just done 3-6 months ago? Off by $4 billion. Wow
Layoffs in Roanoke. WARN notice filed.
I am interested in the overall number of employees. Also, please share if you know how many people work at Fairfield?
Confirmed GE NA Marketing is to relocate to chicago or effectively quit.
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.
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
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
Is it real or fake news?
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
It is difficult to see how General Electric can achieve long-term success when there is evidently so little bond between it and its employees.