GE Digital has resorted to employee layoffs to attain profitability, as evidenced by the recent round of layoffs in April 2023. This suggests that the company's emphasis is on achieving short-term financial gains rather than prioritizing long-term sustainability. The goal of these layoffs is to bring GE Digital out of the red for the first time in six years, since its inception and make itself profitable when to books are open to the public in 2024.
The company's leadership still receives 30% bonuses and travels globally the decision to lay off employees while simultaneously rewarding leadership raises questions about the company's priorities and the ethics of its leadership.