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

The Crusader Journal

FILE PHOTO: The ticker and logo for General Electric Co. is displayed on a screen at the post where it's traded on the floor of the NYSE FILE PHOTO: The ticker and logo for General Electric Co. is displayed on a screen at the post where it’s traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2016. REUTERS/Brendan McDermid/File Photo

By Alwyn Scott

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.

The layoffs at GE Digital, based in San Ramon, California, affect about 100 sales people in the Americas, including those who sell GE’s Predix industrial-internet software, according to two sources.

The software, central to GE’s strategy under former Chief Executive Jeff Immelt, has been beset with technical problems, prompting GE to…

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