Thread regarding General Electric Co. layoffs

Healthcare

GE Healthcare employees should be safe. A few that worked on projects that interfaced to company apps may be let go. Once the new company is created it will business as usually. Some execs might get the boot and others may be cut do to their locations. This will take a couple years to unwind so if you think it won't work out for you update your resume now.

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Post ID: @OP+TXwfDff

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Healthcare is going to get used just like the other businesses. This is not an escape but a transition into debt bondage since $18 Billion of debt or more will get added to Healthcare.

The interest payments on $18B of debt will be mind numbing. Big GE is going to add additional TSA (Transition Service Agreement) costs as well to Healthcare to keep the stay behind parts of GE running along with Global Operations/ Shared Services.

All of this is going to cause the entire focus inside of any unit spun off to become how to manage cash flow to be able to make immediate payments with tough choices being forced between paying for salaries and benefits vs. the interest payments on the debt and payments to big GE for ongoing operations.

The problems of the past will soon become a millstone around the neck of Healthcare.

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Post ID: @pue+TXwfDff

The logic checks out

Healthcare's days as a stand-alone unit are numbered.

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Post ID: @izr+TXwfDff

@Dff You're either from HR and trying to head off mass exits, or an idiot. Maybe both. Healthcare is a sick business and will die a slow death, like the rets of the GE business units. Those services contracts are not generating nearly enough cash flow to sustain the business and without the other pieces of GE to sustain it, GE Healthcare's days as a stand-alone unit are numbered.

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Post ID: @ouv+TXwfDff

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