GE to Layoff it workers!
According to sources of friends close to me, their seems to be a consensus that there will be a major layoff coming from GE. My source is talking about it being a lot of people will be laid off and that it will start happening in the coming weeks.
According to Yahoo Finance saying this “52 week change of GE is -50.86% from last year. ”
[ad#ad2-right-1]Now last year this time there Stock Price was 38.38 a Share and now they are 18.60 a share. They dropped -19.78 over the year. The seemed to get close to the 38.38 a share on April 4, 2008 with making 37.56 a share. That was there highest this year, due to the fact that people were getting there income tax refunds in the mail. Also NYSE says they had a slight increase in July and Aug, that is due to the Stimulus package that we got in 2008.
Now I’m not a financial expert in the least. I just see what I see with stock prices. These could mean they are doing extremely well, or they could indicate that the company is planning on laying people off. I’m just trying to provide a background on why they might lay people off. We are getting to he point of becoming a Depression and no longer a Recession. What do you think?
