Philips Layoffs 2023: Layoffs are going to happen in another big tech company of the world. Tech maker Philips Layoffs has announced reduction in the number of employees worldwide. The company says that it is going to lay off more than 6,000 employees worldwide. After this news, the employees working in the company have started getting worried about their jobs.
Earlier 4, now 6 thousand were fired
Worldwide, the Philips company has announced the removal of 6,000 of its employees. After which this company has joined those tech companies, which are engaged in retrenchment of employees. It is known that Philips has fired 4,000 employees 3 months ago. Now this is going to happen for the second time.
this is the biggest reason
The company is telling the loss as the biggest reason behind firing its employees. Recently, the Philips company has suffered a lot due to the recall. The company says that some time ago the company had withdrawn its products from the market in large quantities due to faulty sleep respirators. Due to which a lot of damage has been done. Along with this, many lawsuits have also been faced in the United States. Due to this, the company has suffered a loss of 105 million euros ($ 114 million) in the fourth quarter of the year 2022, while the company has suffered a total loss of 1.605 billion euros for the previous year.
Know what the company said
According to media reports, company CEO Jacobs says that in the fourth quarter of 2022, we have shown a net loss of 105 million euros ($ 114 million) and a net loss of 1.6 billion euros for the previous year, Which has led to a massive recall. Philips announced a massive recall in 2021 of its devices used to treat people suffering from sleep apnea. He said that 4000 workforce is being cut immediately globally to improve productivity and aging workforce. This decision is difficult, but necessary. We cannot take it lightly.
The job will go in several phases
After Twitter, Facebook, Meta, now Philips has also joined this list. According to media reports, Philips says that 6,000 jobs will not be removed at once. In its first phase, a total of 3,000 new jobs will be cut in 2023. At the same time, by 2025, around 6,000 employees will be laid off globally.
