General Electric plans to scale back its money-losing, $3 billion private equity arm to shield its bottom line from “volatile investments.” GE Equity will notify some of the 135 employees that jobs will be cut in the coming weeks, according to published reports. GE Equity will seek only investments that are “appropriate additions” to existing businesses.
GE To Downsize Its Private Equity Business
General Electric plans to scale back its money losing, $3 billion private equity arm to shield its bottom line from "volatile investments." GE Equity will notify some of the 135 employees that jobs will be cut in the coming weeks,