GE Antares Jobs Safe …For Now

Layoff rumors have plagued GE Antares ever since last month, when its parent company, GE Capital, announced plans for $2 billion in cost savings. But employees of the mid-market lender can rest assured their jobs are safe for the remainder of the year, GE Antares spokesman Ned Reynolds told peHUB. Reynolds said no layoffs have taken place this month and no layoffs will occur in December. This conflicts with a recent report from The Deal, which stated the 120-person business would cut 20% of its work force the week of December 8. I’d also heard those rumors but Reynolds assured me that GE Antares has not and will not lay off any employees this month. “I’m not sure what was true a week ago but it’s not true today,” he said.

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