Siemens Layoffs: Tech Firm Likely To Fire 5,000 Employee 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
Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday. "Sometimes we have to do some re-engineering because the developments weren't as positive as we expected them to be,
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,
Trump's proposed tariffs will lead to higher global inflation, Siemens CEO says
Roland Busch, CEO of Siemens, says President-elect Donald Trump's proposed tariffs are set to push up inflation and lead to ...
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 ...
Impacts1d
Siemens Reports Strong Q4 FY 2024 Results Surpass Market Expectations
Siemens reported strong Q4 FY 2024 results, surpassing market expectations. Takeaway Points Siemens reports strong Q4 FY 2024 ...
Siemens' $10.6 Billion Altair Deal Strengthens Its Industrial Software Offering
(Reuters) -Siemens is to buy U.S. engineering software firm Altair Engineering for $10.6 billion, strengthening its position ...
Crain's Detroit15d
How Altair grew from a startup to $10B deal
Altair Engineering Inc., which started as a small engineering consulting firm for the Detroit 3 automakers, is being acquired ...
Siemens Shares Hit Record as Data Center Boom Drives Orders
Siemens AG’s shares rose to a record after the company said the boom in power hungry data centers will drive demand for its ...
Siemens stock surges after Q4 profit beat, flags rising global risks
ZURICH (Reuters) -Siemens stock surged on Thursday after the engineering company posted better than expected results and said ...
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 ...