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?