General Electric: number of employees in the U.S. 2007-2021
Of selloffs and layoffs
In its heyday, GE stock traded at over 50 U.S. dollars per share. This changed dramatically when General Electric shares fell to a low of 7.57 U.S. dollars in December 2018. Earlier that year, the company had already dropped out of the Dow Jones Industrial Average (DJIA) index. The company’s net loss attributable to common shareowners of 5.4 billion U.S. dollars in 2019 and the decline in stock value affected employee stock ownership plans, which was particularly felt by retirees who are now left fearing for their savings and might have to re-enter the labor market.