Philips fires four per cent of staff

Stefan Mileschin · 26th October 2022, 08:27

4,000 staff redundant

Philips CEO Roy Jakobs plans to fire 4,000 staff to reduce overheads following sliding sales and steep losses.

The health tech and consumer electronics maker estimated the job reductions comprise four percent of its global workforce, and it will book charges of roughly €300 million ($295 million) in the coming quarters.

Jakobs, who took the keys of the executive drinks cabinet in October said his "immediate priority" was to "improve execution so that we can start rebuilding the trust of patients, consumers and customers, as well as other stakeholders." We would have thought execution was a bit harsh, normally they just let the staff go and find another job.

https://fudzilla.com/news/55714-phil...-cent-of-staff

26th October 2022, 08:27	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Philips fires four per cent of staff 4,000 staff redundant Philips CEO Roy Jakobs plans to fire 4,000 staff to reduce overheads following sliding sales and steep losses. The health tech and consumer electronics maker estimated the job reductions comprise four percent of its global workforce, and it will book charges of roughly €300 million ($295 million) in the coming quarters. Jakobs, who took the keys of the executive drinks cabinet in October said his "immediate priority" was to "improve execution so that we can start rebuilding the trust of patients, consumers and customers, as well as other stakeholders." We would have thought execution was a bit harsh, normally they just let the staff go and find another job. https://fudzilla.com/news/55714-phil...-cent-of-staff

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Microsoft fires 1000 staff	Stefan Mileschin	WebNews	0	19th October 2022 15:20
ARM fires 1000 staff	Stefan Mileschin	WebNews	0	17th March 2022 09:47
NAND flash up four per cent	Stefan Mileschin	WebNews	0	23rd November 2018 14:43
Venmo's 25-cent instant transfers are now available for everyone	Stefan Mileschin	WebNews	0	1st February 2018 06:36
Tesla autopilot was 40 per cent safer	Stefan Mileschin	WebNews	0	24th January 2017 09:40
SK Hynix profits fall by 40 per cent	Stefan Mileschin	WebNews	0	27th January 2016 09:37
Microsoft admits 74 per cent of businesses still use XP	jmke	WebNews	0	13th July 2010 18:01
Intel to lay off 10 per cent of IT staff	Sidney	WebNews	0	23rd September 2007 19:35
Memory Chip prices 30 per cent up	jmke	WebNews	0	31st May 2007 17:43
70 per cent of upgrade market is still AGP	jmke	WebNews	0	10th December 2005 18:02