Or is there some truth in the rumors I hear these days that cuts will follow? Does anyone have any insight? I’ve been worried since I heard those rumors and I hope it’s just people wanting to stir the pot.
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That Dude is out - good riddance and what a breath of fresh air from new leader. Outgoing = hack in the worst way
Still tremendous upgrade if only that one position changes
So most of mgmt team stays intact ( w grid changeover) ?
Yes that dude is toast
So the extra Grid Software GM took package?
Early retirement packages being accepted and Reese said it still won’t “span the gap”. Waiting for a letter. Again. The only people that ever enjoy peace of mind at GED are the execs that will be bonused for making it happen.
When are there not rumors about cuts???
Probably in q3
There are numerous nonperformers and/or overpaid mgmt left over pre-culp that can be cut from ged
Not a rumor. Straight from the horse's mouth.
https://www.americanmachinist.com/news/article/21243358/ge-to-cut-2b-in-operating-costs-in-2022-general-electric
"It also will seek to reduce its labor costs and increase operating efficiency, Culp indicated..."
Economic conditions are tough. House of cards falls when wind begins to blow