Thread regarding GE Digital layoffs

It's back... Jack's Yank & Rank is alive and well

Ahhh... Finally! After 5+ years of shenanigans around annual reviews not motivating to employees, Jack Welch's "Vitality Curve" is back at GE Digital!!

Make no mistake folks, HR has told all managers that 10% of all employees will be rated "below expectations" and put on a performance plan - no merit, no bonus, no equity.

I'll fax you a copy of the memo they sent out on the topic. Or rather, call my pager and I'll find the nearest pay phone to call you back.

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Post ID: @OP+1eGKUcnu

6 replies (most recent on top)

"HR has told all managers that 10% of all employees will be rated "below expectations"
Absolutely not true. Source: Am a manager at GED.

Rankings are more formal now than previous years but no requirements were made regarding "below expectations" or pips.

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Post ID: @15vle+1eGKUcnu

It worked great for the company but it sucked for the employees (at every level). Be careful what you ask for.

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Post ID: @Mlgf+1eGKUcnu

I think GE people managers have had to quietly send in a ranking of their teams for at least several years. There was no formal rank-and-yank during those years. I have no idea about now. GE Digital will need to do some aggressive pruning in spots in the next year or two - is that what you are talking about?

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Post ID: @7ftw+1eGKUcnu

Considering 30% of GED is bottom feeders based on the companies performance I think you need it every 5 years to purge. Annually is silly; but all businesses have a bad habit of accumulating tu-d projects and personnel.

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Post ID: @6ywp+1eGKUcnu

Excellent. This is probably what is needed right now.

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Post ID: @1fwl+1eGKUcnu

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