Part 3/9:
Under Welch, GE adopted a ruthless management practice known as the "Vitality Curve," whereby managers were compelled to rank their employees and fire the bottom 10% annually. This approach not only created a culture of fear but also laid the groundwork for similar practices across corporate America. Over his tenure, Welch fired over 100,000 employees, contributing to rising job insecurity and shifting the American corporate landscape towards a model heavily focused on profitability at the expense of employee welfare.