Thread regarding General Electric Co. layoffs

$2 billion in cost cut for 2022

"Culp added that the industrial group remains focused on cost cuts, with a $2 billion 'gross cost out target' for 2022, through "productivity, restructuring & sourcing actions," according to a GE presentation."

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Post ID: @OP+1h4xe8uT

11 replies (most recent on top)

When a person is placed in a powerful role by an activist investor, this is what happens.

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Post ID: @4cxa+1h4xe8uT

Just another way to say Lay Offs. Culp continues to cost cut portions of various business's while at the same time eliminating more and more revenue producing products. Cut, cut, cut.....How about a little business expansion and development? All he's doing is paying down debt and selling what's left of GE!

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Post ID: @4unr+1h4xe8uT

VA built Wind from the ground (Enron) up.

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Post ID: @3mlq+1h4xe8uT

GE stock will see $60 before it goes back over $100 again. More layoffs before the end of the year. You can tell they’re getting desperate when they make VA the CEO of onshore wind.

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Post ID: @3guk+1h4xe8uT

The results of the criminal investigation will list everything, absolutely everything, in detail. Those investigators had access to information that we would not have been privy to. Information that people thought was deleted, hidden, or gone forever. That’s exactly how they got to the truth. And that’s exactly why it’s taken so long. Be patient. They’ll tell all of us what we want to know soon.

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Post ID: @3niz+1h4xe8uT

The company told us we had so much work! Was it smoke and mirrors? Could they send the work to another facility closer to the customers? Yes and yes! So long Schenectady the legacy is washed up.

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Post ID: @1bsd+1h4xe8uT

Wage concessions?

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Post ID: @1qrv+1h4xe8uT

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