Do we know yet how the split of GE will affect Coretech and IT Risk? Both were tucked inside of GE Digital (moved from GE Corporate) a few years ago mainly as a financial move to bury the costs of operating each inside of a business. But now, with GE Digital planned to live alongside Power and Renewables, it sounds to me like there is no guarantee GE/Aviation or Healthcare need to continue to consume Coretech's or IT Risk's services any more. I suppose parts of each can survive in the new energy business, but it sounds like there will be massive downward pressure on headcount for both Coretech and IT Risk. Am I mistaken?
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Yes this could get rough at the higher levels especially
Well, there are some who might get displaced from their jobs who have been promoted at least one or two levels above their heads as a retention tool and/or because of the buddy system. Those, especially ones who ran their life expenses up assuming they would never leave GE, are soon to get tested in the job market. Many who actually could get other jobs have already left over the past few years, and what is left is pretty far from what you could call the "A" team.
All I can say is good riddance to CoreTech, it won't be missed.
Not clear which entity gets hit with the shutdown costs