GE cutting staff ahead of new CEO's Monday overhaul: sources

November 10, 2017 by  
Filed under News

NEW YORK (Reuters) – General Electric Co is laying off sales staff and other employees in its software division, according to people familiar with the matter, ahead of new Chief Executive John Flannery’s expected announcement on Monday of a plan to slash costs and jettison units in an effort to improve the company’s profits.

Source: Reuters Business News

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