Multinational Philips Lays Off More Than 6,000 Employees

Written by Roberta Souza

Published on 31/01/2023 at 09:44

Updated on 31/01/2023 at 13:06

Foto tirada em 30 de agosto de 2018. REUTERS/Piroschka van de Wouw/Foto de arquivo

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Approximately 13% of Philips employees were affected by the mass layoff since October 2022, due to the reorganization of the multinational

The Dutch technology and health multinational Philips made public, on this Monday (30), the layoff of 6,000 employees worldwide. The total job cuts reached 10,000, alongside the mass layoff in October 2022.

About 13% of the multinational’s employees have been laid off so far. According to Philips CEO, Roy Jakobs, it was a difficult measure to take, but necessary. The layoffs at the multinational will continue until 2025.

According to Jakobs: “The year 2022 was very difficult for Philips and our shareholders. We are taking firm measures to improve our effectiveness and urgently increase our performance.” This was one of the reasons for the mass layoff conducted by the company.

ARTICLE CONTINUES BELOW

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Multinational Philips Lays Off More Than 6,000 Employees

Approximately 13% of Philips employees were affected by the mass layoff since October 2022, due to the reorganization of the multinational

Lost Profit?

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Multinational Philips Lays Off More Than 6,000 Employees

Approximately 13% of Philips employees were affected by the mass layoff since October 2022, due to the reorganization of the multinational

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