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

Lost Profit?

Having lost around € 105 million (US$ 114 million) in the fourth quarter of 2022, Philips is still trying to recover from the large number of defective respirators. The recall has caused a 70% decrease in Philips’ market value.

Mass Layoffs Are Being Seen in These Early Days of 2023 and Require Quick Solutions to Curb Job Loss in Brazil

Various episodes of mass layoffs began as early as December 2022, which traumatized Brazilians. However, January is already announcing a 2023 in which some companies are preparing for possible downturns. In the first 15 days, over 100,000 workers across the country lost their jobs.

Mass layoffs are primarily affecting the technology sectors. The wave of mass layoffs in technology companies has spread from giants in the sector – such as Amazon and Facebook – to small and medium-sized enterprises, like the transportation app 99, and has the potential to spread to many more startups, an industry responsible for millions of jobs across the country. Find out more by clicking here.

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?

Mass Layoffs Are Being Seen in These Early Days of 2023 and Require Quick Solutions to Curb Job Loss in Brazil

MEET PHILIPS IN BRAZIL, IN VARGINHA, MINAS GERAIS

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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?

Mass Layoffs Are Being Seen in These Early Days of 2023 and Require Quick Solutions to Curb Job Loss in Brazil

MEET PHILIPS IN BRAZIL, IN VARGINHA, MINAS GERAIS

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

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About 150 workers are driving, one by one, 4,585 BYD electric cars off a 220-meter ship at the Port of Itajaí. The 48-hour mega-operation is the largest shipment from the Chinese automaker in Santa Catarina this year.

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