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GE announces it is cutting 12,000 jobs

Fast Company
GE announces it is cutting 12,000 jobs

The cuts will affect jobs at GE Power, the company's power business, reports CNBC. The amount equates to roughly 18% of GE's workforce. GE says the cuts will mostly affect employees outside of the United States. Announcing the cuts in a press release, GE president and CEO of GE Power Russell