Thread regarding General Electric Co. layoffs

GE management is very good at making big promises, making up dreams, talking about loyalty, talking high of themselves but are mediocre at core. They are literally criminals to destroy many families/lives during holiday times. Many hard working and smart people who are backbones of the work-force/processes are being laid off. These people will find better opportunities else where but .......how realistic it is that GE would be able to compete in market without these folks ? GE's leadership and their high talk of big promises, recovery, growth and loyalty are just sham after sham.

You failed to spell failed correctly therefore your post is unread and irrelevant.

Then GE, in another brilliant move, recently sold NBC, another cash-flow that they need now, for a one-time cash injection to keep propping up their stock and supporting stock dividends & executive bonuses, which certainly arn't justifiable.

That occurred around the same time that GE bought NBC. They also intended to control the media message to support the defense industry and the wealthy.

The MIC learned only one big lesson from the Vietnam war - the media message has to be controlled or your silly wars will lose support of the people.

vgt - not disputing much of what you said but Westinghouse declined as a business then liquidated itself to become Viacom and CBS - a media & entertainment company. They license out the Westinghouse name and patents and part of Viacom's income comes from that.

The board of Westinghouse became the board of Viacom. They figured the real money (since they screwed up so much in other ways) was to become a media conglomerate and control the media message to support wars and the wealthy.

This is exactly what happened to Westinghouse when they moved their turbine operation out of Pittsburg under the guise of cost savings.

The new facilities never paid off, were disconnected from each other, engineering and service and then they lost their expertise. They also farmed out manufacturing to Mitsubishi and that didn't work either because it just added expensive middle men and high transportation costs.

Then Westinghouse couldn't make money and went bankrupt and was sold off.

GE seems to be on the same trajectory, for exactly the same reasons.