Thread regarding General Electric Co. layoffs

With GE’s split, the last chapter of the Jack Welch era is over

The legacy of former GE CEO Jack Welch lies in tatters. GE no longer exists — its split into three separate parts concluded Tuesday — and his school of management has barely fared any better.
Welch was the most important CEO of his generation, a man who was richly rewarded for using financial engineering to goose his company's share price at the expense of its employees' jobs.

https://www.axios.com/2024/04/03/ge-split-jack-welch

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| 1065 views | | 10 replies (last April 28)
Post ID: @OP+1rSjl61F

10 replies (most recent on top)

Definition of Welch: To avoid payment or break one's word, especially not to pay a debt. For example

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Post ID: @ozbz+1rSjl61F

Layoffs are sure to happen, that's the only level that GE's management understands on how to use. They can't seem to do anything else...

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Post ID: @jkua+1rSjl61F

Happy jack Frosted pink slips will continue with no SERO packages attached. You get a frosted pink slip and a couple hours to say good buy. 3rd Q of 2025 after the contract passes and the working man gets shafted again.

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Post ID: @dwxs+1rSjl61F

I’m sure the happy jacks legacy will continue. Shortly after the new staff and leadership is trained and replaced. Then the hourly workforce will be reduced 30% in q3 of 2025.

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Post ID: @6ajr+1rSjl61F

Unfortunately some of Jacks trainees are still with us in the GE system.

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Post ID: @6vrj+1rSjl61F

We miss you Jack. Not!!

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Post ID: @5iox+1rSjl61F

It’s not over! More reduction in hourly and salary in 3rd Q 2025 after the company thins out the work from Schenectady. The trend will continue. Vernova realizes they will get more for their investment. Better profits and revenue
Superb quality over seas.

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Post ID: @4iiu+1rSjl61F

Some of Jacks disciples are still in the deep corners of this company. His evil ways are still being used to this day.

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Post ID: @3shm+1rSjl61F

Jack was the man look at all the money he made and at the same time cut jobs out of Schenectady and closed building on the campus. A true OG walked away with million$. Dont be a hater because your on the lower side of this pay scale.

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Post ID: @hfq+1rSjl61F

Still layoffs will come 2025 3 led quarter

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Post ID: @bjh+1rSjl61F

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