Not just GE

Every company has its own story, as well as industry but the ending is the same. Layoffs going on everywhere.

Tech- Big Layoffs

IBM

https://www.theregister.co.uk/2017/03/31/ibm_bloodbath_continues/

Microsoft

https://www.cnbc.com/2017/07/06/microsoft-will-layoff-thousands-of-employees.html

Oracle

http://fortune.com/2017/09/05/oracle-layoffs-hardware-solaris/

And I could go on.

Oil and Gas. Surely you know this industry is in trouble, and if not, you're clueless.

Healthcare

Pfizer- Started layoffs way back in 2011 with over 16,000 and they've been cutting ever since

https://www.cbsnews.com/news/pfizer-plans-16300-layoffs-amid-health-benefit-cuts-for-retirees/

Merck- https://www.fiercepharma.com/pharma/citing-ebb-and-flow-pharma-merck-says-it-s-cutting-1-800-sales-staffers

And if it's happening at those behemoths, you know it's happening everywhere and it is. Google it.

Auto Industry- Yes, despite record sales, the auto loan bubble is bursting and heads are rolling.

GM-http://www.businessinsider.com/gm-latest-layoffs-highlight-company-sales-struggle-2017-10

Ford-http://money.cnn.com/2017/05/15/news/companies/ford-job-cuts/index.html

Retail- More store closures in 2017 than any year in recorded history. Retail employs around 5 million people, and not all are mall jobs, many are management, office, and "real jobs."

http://money.cnn.com/2017/10/25/news/economy/store-closings-2017/index.html

So tell me again how this is just a GE thing, or GE power thing?

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Not just layoffs but promoting incompetent managers who never did the work.

Anyone see supreme court nomination hearing where the supreme court nominee couldn't answer any questions about the law or court workings. Very embarrassing and he was immediately denied as a faker. Reminds me exactly what is going on at GE today, only he would get job at GE with no knowledge of business

This is why GE is failing at the execution level

When artificial intelligence gathers speed it is going to get worse. Many might never work and they'll draw a small income from the state and that's it. Nothing is free, however, and someone will have to pay for this generation of unemployed layabouts.

Let's face it, all of these companies are run by the same brand of greedy entitled a$$holes who have no idea how to operate a company, only how to loot. As long as Wall St. and U.S. tax & labor law loopholes reward this type of behavior, nothing will change.

Bet 10 bucks the new GOP "tax cut" bill fixes none of these loopholes. It was written for these very greedy ba$tards.

You forgot Telco with Verizon and At@T chopping heads.

https://techcrunch.com/2017/06/08/confirmed-verizon-will-cut-15-of-aol-yahoo-staff-after-merger-closes/

http://fastnet.news/index.php/97-fnn/379-at-t-70-000

Thread regarding General Electric Co. layoffs

Not just GE

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