General Electric planning “aggressive” layoffs
US conglomerate General Electric (GE) is set to lower its headcount significantly in the coming months.
Late-last month, its new CEO John Flannery reportedly told senior executives to prepare for job cuts at its headquarters in New York, as well as from unprofitable divisions elsewhere.
One employee told Reuters that the company had already stopped hiring for technology positions even before this.
The source added that the staff cuts will likely affect HR, recruiting, corporate security, helicopter and jet operations, procurement, auditing and finance.
It is not known how many jobs will be slashed, or if the unprofitable divisions will include those here in Southeast Asia, but the same source said the layoffs will be “aggressive”.
In March, GE had shared that it had plans to cut US$2 billion in costs by the end of 2018.
On the layoffs, GE spokesperson Jennifer Erickson said: “We've said John (Flannery) is reviewing all aspects of the company. He will present to investors in November."
What this means is any retrenchments will only take place after November.