Word is approximately 750 people with over 5 years service at non strategic for IT GE locations were asked to take a voluntary package. Wauwatosa Wi GE Digital was one of those locations. All courtesy of Beth Comestock feeling Wi is not innovative or able to emulate the Palto Alto she is going for, or maybe it is just that Wi Gov did not GE enough tax cuts or grants, or maybe it is Beth trying to shed the older workforce?
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This gets more messy by the day - Bill Ruh needs substantially more runway to grow Predix and associated services, get partner base installed, and mature operations.
The legacy IT world of GE is still 90% of what keeps GE running from a revenue standpoint . The data center and IT infrastructure that Core Tech operates is going to be sold off to the ew company that came out of HPE/CSC deal - along with all the people - thats anyone involved in build or run type of operations. Those employees will go from being GE employees to contractors employed by HPE/CSC.
More cost out is still in the works, SPB's being re-banded as LPB, layoffs, etc.
Now I've figured what they mean by working horizontally, the same sort of mode of operation is evident in burial plots across the globe...
No surprises. Q1 comments posted earlier somewhat clearly (no other specific references were made) implied that the second wave would be $250M cost out in IT.
Layoffs are coming. we just had 40+ people laid off in IT
Yeah this is nothing against WI - the voluntary leave offer was sent to almost all non-California IT groups
I think that is the horizontal IT structure plan Jeff immelt mentioned in the Q1 earnings interview. Only impact IT, not engineering.