+15 15 0
Published 1 year ago by wildcard with 0 Comments
by wildcard
1 year ago

Philips to cut 13% of jobs in safety and profitability drive

Dutch health technology company Philips (PHG.AS) will scrap another 6,000 jobs worldwide as it tries to restore its profitability and improve the safety of its products following a recall of respiratory devices that knocked off 70% of its market value. Half of the job cuts will be made this year, the company said on Monday, adding that the other half will be realised by 2025.

Continue Reading https://www.reuters.com

Join the Discussion

  • Auto Tier
  • All
  • 1
  • 2
  • 3
Post Comment

Here are some other snaps you may like...

discover your
interests.

Check out our front page for a lot more stuff!

Tech layoffs shrink ‘trust and safety’ teams, raising fears of backsliding efforts to curb online abuse

Laid-off Google workers say the impersonal way the company let them go shows it's 'just as cutthroat corporate as anybody else'

Dell is cutting 6,650 jobs amid falling demand for PCs

Think twice before pouring your "heart and soul" into a corporate job

Tech's tidal wave of layoffs means lots of top workers have to leave the US. It could hurt Silicon Valley and undermine America's ability to compete.