GE to Cut 12,000 Jobs in Its Power Business
December 16, 2017

General Electric Co. plans to cut 12,000 jobs in its power business as the company’s new leaders look to slash costs and stabilize the beleaguered manufacturer.

The reductions, accounting for about 18 percent of GE Power’s workforce, include both professional Continue reading

GE’s $100 Billion Wipeout Heralds Reckoning for an American Icon
November 13, 2017

Few under the age of 30 might remember, but General Electric Co. was once a model of corporate greatness.

Back in 1999, when Steve Jobs was still fiddling with iMacs, Fortune magazine proclaimed Jack Welch, then GE’s chief executive officer, Continue reading