GE Capital to Lay Off 127

GE Capital, the one-time pride of General Electronic, has laid off 127 more people in its Connecticut offices.

The company continues to lay off employees, and when all is said and done, GE Capital is expected to have reduced its staff by 37%, according to Layoff Tracker. Here’s an expert from the blog’s post:

GE Capital Corp. has laid off 127 employees at a Bedford operation in the past three months, and the company said staff reductions may continue through mid-September.

The company said it is restructuring its GE Capital Americas, which has an operation at 2208 Texas 121, according to a Texas Workforce Commission filing.

About 34 employees were let go between March 18 and June 16, then 93 employees were laid off June 17. About 490 were employed when the layoffs began, the filing said.

The company said it has “tentative plans” to lay off 56 more employees in the next 90 days, which would bring the total to about 37 percent of its staff at that location, according to the filing.

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