Thread regarding GE Digital layoffs

No bonuses next year?

Pat's convoluted answer to the question about VIC and where GED stands today was riddled with management speak. The take away was that there will be no bonuses. How can you reach a goal when no one is clear on what the goal is?

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Post ID: @OP+17KrBNHf

10 replies (most recent on top)

You misunderstood. He said no bus notices.

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Post ID: @Pdrf+17KrBNHf

He got one.

https://www.newsmax.com/finance/streettalk/ge-culp-doubtersm-47-million-payday/2020/12/22/id/1002744/

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Post ID: @Otxw+17KrBNHf

GE is GE. Bonuses are not always merit related.

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Post ID: @4gxe+17KrBNHf

No mgmt in this business deserves a bonus.

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Post ID: @4mbg+17KrBNHf

Bonuses? Seriously? Bonuses should be for performance. Not a soul worthy of a bonus in the whole lot.

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Post ID: @2nhp+17KrBNHf

All the DT employees LPBs globally that moved to Aviation not only lost their bonus they are not eligible anymore. Just SPBs now are eligible. So Digital will be next.

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Post ID: @2iow+17KrBNHf

@OP+17KrBNHf

Doesn’t sound as bad as you make it to be. I just watched the recording. Though it does sounds like Pat is answering in a way that no bonuses is still a possibility.

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Post ID: @1ixp+17KrBNHf

Goal = "keep your head above water"

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Post ID: @1xeg+17KrBNHf

And you are surprised? As we move to stand on our own the plush corporate benefits (bonus plans, 401k matches, etc.) will be on the chopping block. Buckle up for more turbulence.

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Post ID: @1guk+17KrBNHf

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