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re: GE closing New Orleans tech center
Posted on 4/29/20 at 4:55 pm to VermilionTiger
Posted on 4/29/20 at 4:55 pm to VermilionTiger
This is because GE is a dog shite company. Their stock is down like 75% over the last 4 years. The entire corporation may fold or be sold off eventually.
1
Posted on 4/29/20 at 4:57 pm to Doctor Strangelove
The one profitable area -- aircraft engines -- is now in trouble due to COVID. They would do better to simply sell off everything for what they can get (they should have done it sooner when they could have gotten a premium) and pack it in.
Posted on 4/29/20 at 4:58 pm to TROCKS50
New Orleans needs more hotels
Posted on 4/29/20 at 4:58 pm to jlovel7
quote:
but it’s crazy to see a once great American company fall.
That was put into motion by "great" business leaders like Jack Welch. He turned them into a very short-sighted company.
It's odd because when I was in business school he was given as an example of how to run a business. We were taught to do as he did. His words were studied. It wasn't until after I graduated when everyone realized what he was doing was not only unsustainable but lead to a toxic business culture and cutting corners.
Posted on 4/29/20 at 4:59 pm to Chuckiee
quote:
I work in medical device and have never seen GE. Are they mainly in capital equipment?
They used to do ultrasounds. Maybe someone else does and just uses their name.
Posted on 4/29/20 at 5:00 pm to Quidam65
Ultrasound is considered part of the capital market, even though they are practically given away cheaper than suture wire.
Posted on 4/29/20 at 5:08 pm to TROCKS50
Sucks
These were good paying tech jobs.
Before CV Accruent planned bringing on 300 new tech jobs by 2021. Hopefully some of these laid off GE workers can get on with them.
These were good paying tech jobs.
Before CV Accruent planned bringing on 300 new tech jobs by 2021. Hopefully some of these laid off GE workers can get on with them.
Posted on 4/29/20 at 5:20 pm to TROCKS50
They had a good run for a company that started out by trying to execute a man with DC voltage.
Posted on 4/29/20 at 6:07 pm to TROCKS50
Good! frick New Orleans.
Posted on 4/29/20 at 6:20 pm to BananaManCan
quote:
Good! frick New Orleans.
frick you
Posted on 4/29/20 at 6:22 pm to TROCKS50
Yep, it was the COVID-19.
Posted on 4/29/20 at 6:26 pm to BeepNode
quote:
That was put into motion by "great" business leaders like Jack Welch. He turned them into a very short-sighted company.
This is simply untrue. Jack did practically appoint Jeff Immelt as his successor and this was a disastrous decision. There are some great articles in the WSJ and other places about how bad Jeff's decision making was. In particular, he insisted upon buying a European competitor in the Power business and then basically sunk every other division by using bad service contracts that showed quick revenue and hid long term losses. Once all of this came to light, the GE goose was cooked.
Posted on 4/29/20 at 6:31 pm to BeepNode
quote:
It's interesting that we paid them to bring 300 new jobs to the area and then 8 years later they announce that they're laying off "all 100 employees".
it's almost like jindal was a fraud who sold the state down the river
Posted on 4/29/20 at 6:35 pm to BeepNode
They had 300 when I worked at GE Aviation there until 2018
Posted on 4/29/20 at 6:51 pm to TROCKS50
I'm just glad we got some high-tech jobs to carry us through the downtime in tourism.
Posted on 4/29/20 at 6:53 pm to Indubitably
Remember when NBC, owned by GE, pushed Obama in 2008. In turn Obama gave GE $ 300 million of taxpayer money to open a locomotive plant in Brazil ?
Posted on 4/29/20 at 6:56 pm to TROCKS50
Not surprising, they just announced yesterday:
"The coronavirus pandemic cut profits at General Electric Co.’s industrial operations by approximately $800 million in the first three months of 2020, the company said Wednesday — more than double what it was expecting last month."
Going to have to start cutting the fat. Although I'm sure this was in the works for a while.
"The coronavirus pandemic cut profits at General Electric Co.’s industrial operations by approximately $800 million in the first three months of 2020, the company said Wednesday — more than double what it was expecting last month."
Going to have to start cutting the fat. Although I'm sure this was in the works for a while.
This post was edited on 4/29/20 at 6:58 pm
Posted on 4/29/20 at 7:00 pm to Picayuner
GE got too big for its britches. They were getting in everything under the sun. In turn, they were putting extremely unqualified people in mid management positions. The reason I left a few years ago was because they laid off about 25% of our group and during the reorganization they needed another manager. They made a guy that was a computer IT person that just got laid off a manager over our designers. That’s when I knew we were screwed. Sure enough a year later the entire office closed
Posted on 4/29/20 at 7:07 pm to Quidam65
quote:
They used to do ultrasounds. Maybe someone else does and just uses their name.
GE Healthcare produces Ultrasound MRI, CT and PET scanners, nuclear medicine, diagnostic X-Ray equipment, basically they can supply a turnkey radiology department, along with Information systems, and biomedical services.
Posted on 4/29/20 at 7:19 pm to Civildawg
You worked in the Nola office?
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