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General Electric sign on Tuesday evening, Sept. 15, 2015, in Schenectady, N.Y. (Michael P. Farrell/Times Union)
General Electric sign on Tuesday evening, Sept. 15, 2015, in Schenectady, N.Y. (Michael P. Farrell/Times Union)
General Electric Co. is closing its Albany corporate tax office at Corporate Woods and laying off 75 people there as part of a deal to outsource its tax operations.
GE and PwC, formerly known as PricewaterhouseCoopers, announced three weeks ago that its force of 600 tax experts would join PwC in a cost-cutting move for GE.
The two companies have a five-year agreement in place that begins in April to provide GE with tax services.
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