Thread regarding GE Digital layoffs

GED profit is because of office closures, not Pat

Pat promoted?? Lean credited? Any fool can save cash when a pandemic forces you to (finally) allow work from home and then you force it on your employees without helping them with the added expenses. This is not Pat's brilliance nor Lean - it's leveraging your employees in a global crisis.

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Post ID: @OP+18rxEuwj

18 replies (most recent on top)

May not be imminent but could be beneficial

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Post ID: @Erpr+18rxEuwj

"Digital Grid" leadership change imminent ?

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Post ID: @Bthe+18rxEuwj

“Digital” burned $2B and still loses money like a fat kid in a donut shop. Let’s put them in charge!

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Post ID: @Aldh+18rxEuwj

I for some reason can't see any way GED was full year profitable with the way the year ended commercially as well as acquiring the costs of Aviation Digital to the books.

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Post ID: @styy+18rxEuwj

Yes but if the one time writedown of Grid wasnt a one time event those profits would be nonexistent

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Post ID: @ntne+18rxEuwj

Grid is the only part of Digital that makes any money. If all of San Ramon went away for good profits would go up!

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Post ID: @lpqp+18rxEuwj

Only pat knows the answer to the second part.

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Post ID: @6aam+18rxEuwj

Are there plans to update the products and upgrade the talent?

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Post ID: @6kpc+18rxEuwj

Not much to work with-talent or product?

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Post ID: @4vvr+18rxEuwj

Yes that is the truth; especially in Grid.

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Post ID: @3vlq+18rxEuwj

Pat has not so much to workwith

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Post ID: @2xlq+18rxEuwj

Lean is reducing investment for future growth. Even if GED can briefly break even in 2021, it will be red again in 2022

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Post ID: @2nlk+18rxEuwj

Every CEO needs a new gimmick and buzzword to pacify Wall Street, slash expenses, justify layoffs, and stall pay raises and bonuses it seems.

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Post ID: @1phe+18rxEuwj

LC is just protecting his friends. Lot of his pals are being moved around company to protect them from cutbacks and divestitures. In the near future the reasons for the moves will become very clear.

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Post ID: @1ahu+18rxEuwj

If stretching your employees so thin is called Lean, then damn, Pat did a great job.

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Post ID: @1toa+18rxEuwj

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