Siemens Layoffs: Tech Firm Likely To Fire 5,000 Employees Amid Ongoing Challenges
While no final decision has been made regarding the exact number of job cuts, Busch's comments suggest a clear need for strategic adjustments moving forward
Siemens layoffs: Tech giant may cut up to 5,000 jobs amid ongoing struggles
German tech conglomerate Siemens may cut up to 5,000 jobs globally in its factory automation sector owing to ongoing struggles, reported news agency Reuters. CEO Roland Busch announced the potential cuts on Thursday.
Siemens to cut around 5,000 jobs in factory automation division
Siemens is planning to layoff up to 5,000 workers in its factory automation division. The news comes from CEO Roland Busch, after the company's digital industries sector saw a major profit drop. "Sometimes we have to do some re-engineering because the developments weren't as positive as we expected them to be," Busch said.
Siemens to cut up to 5,000 jobs in automation business after downturn
ZURICH, Nov 14 (Reuters) - Siemens (SIEGn.DE), opens new tab could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday.
Siemens To Layoff Workforce; Over 5,000 Employees To Get Pink Slips Amid Profit Decline
Siemens may lay off up to 5,000 employees in its global factory automation business due to underperformance, CEO Roland Busch announced, following a 46% profit drop in its digital industries division.
Siemens to cut up to 5000 jobs: "Sometimes we have to do some re-engineering," says CEO
Siemens, facing a 46% profit drop in its digital industries division, plans to cut up to 5,000 jobs. CEO Roland Busch cited the need for restructuring amid unexpected negative developments. Despite this,
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5000 Layoffs! THIS German tech giant plans to cut jobs globally
Siemens on Thursday released its earnings for the fourth quarter where its orders rose 10% and revenue 2% on a comparable ...
Siemens Plans To Fire 5000 Employees From Factory Automation Division
Siemens, the German tech giant, is reportedly planning to cut up to 5,000 jobs globally in its factory automation sector, ...
Siemens Q4 Profit, Orders Rise; Sees Growth Ahead; Stock Up
Shares of Siemens AG were gaining around 6 percent in the morning trading on Germany's XETRA after the conglomerate on Thursday ...