Re:GE is laying off 20% of its workforce devoted to onshore ...
by jacobr1 on Thursday October 06, 2022 @06:38PM
(#33115036)
> There's got to be a better mechanism to force companies
I'd say the current version isn't terrible. Competition has lead to creative destruction. What would be real failure is GE sticking around with a bunch of moribund initiatives tying up skilled individuals and resources. Spinning out divisions is bad for GE shareholders (when the whole thing collapses) ... but I'm not sure it was actually bad for country, or for employees of new companies, or innovation in general.
Things sorta worked they way they are supposed to. Bad management decisions over time results in bankrupt companies and their resources being auctioned off to more efficient corporations.
I'd say the current version isn't terrible. Competition has lead to creative destruction. What would be real failure is GE sticking around with a bunch of moribund initiatives tying up skilled individuals and resources. Spinning out divisions is bad for GE shareholders (when the whole thing collapses) ... but I'm not sure it was actually bad for country, or for employees of new companies, or innovation in general.
Things sorta worked they way they are supposed to. Bad management decisions over time results in bankrupt companies and their resources being auctioned off to more efficient corporations.