This thread is for info about potential Philips layoffs? Any chatter, news or rumors?

Philips reported second-quarter results that exceeded analysts' expectations on Monday thanks to cost savings, partly from job cuts, and flagged a big insurance payout linked to liability claims, sending its shares more than 10% higher. The Dutch... — read more 

Surely there must be some layoff news.

https://www.nasdaq.com/articles/philips-plans-6000-job-cuts-sees-growth-in-fy25-beyond

Anyone... remarks on today's announcement of continuous layoffs as of today January 30th?

This is a generic discussion thread to capture comments about potential Philips layoffs? Any chatter, news or rumors?

4000 layoffs mostly in US. Bothell is getting hit pretty hard

I too was wondering why Rocha was picked among his many qualified peers. This was also interesting giving that he was leading the division that includes the tainted Respironics products. Then I realized that he was Dutch - white and male.

Manufacturing giant Philips announced plans this week to lay off roughly 4,000 employees amid “prolonged operational and supply challenges,” Covid-19-related uncertainty and a “worsening macroeconomic environment”— here are the latest major job cuts... — read more 

CEO Franz finally got cut. He problem was not focusing on the recall and fixated on ebitda and selling buildings and reducing headcout and blaming every soul but himself. good riddance mate and dont let the door hit your dodads on the way out.

Do you have any info on the severance payments? What are the terms?

Does anybody have details on what happened?

Share any updates you may have about Philips layoffs? Any chatter, news or rumors?

I left last year. I hated how bitter I've become but I couldn't help it, I was so disillusioned with this place. My cynicism started affecting my daily life and relationships and I despised myself for it. My life slowly but surely changed for the... — read more 

Post any information about potential or actual Philips Layoffs 2021? Any news or rumors?

How do you see things - what will happen next?

Starting Thursday 02/06 and continued into the week of 02/10 Layoffs began at the Boston Branch and supposedly in Eindhoven. Supposedly bonuses were retracted that were promised two weeks ago.

Do you know there is a plan to grow headcount, how many employees currently work here? How about the HQ at Amsterdam?

Make a prediction and tell us what you think about Philips Layoffs 2020? Any news or rumors?

When Philips split into two companies; that was the start of both companies heading for disaster. But yet the higher-ups in the US kiss butt to keep their jobs, sacrificing their direct reports. Can you imagine if the VP's, SVP's, Executives were... — read more 

Sad thing is, Philips has slashed 3rd party monies every which way it can. Concur is a joke, and now all of the changes are just pissing people off. The new hires in upper management have never worked in the field, and have no idea what we do. A few... — read more 

I came aboard via acquisition in 2017. I have never seen a company "get in its own way" the way Philips does on a daily basis. The Dutch need to get their hands off of North America before it is too late. Not only do they not "get" the US Market... — read more 

Is this going to be an interesting year as it relates to Philips Layoffs in 2019?

Philips in 2005 acquired the tiny but very innovative Stentor Inc in the Bay Area to grab number 1 market share in PACS and top customer satisfaction. Now all R&D jobs are moved overseas, and product quality went down the drain, along with... — read more 

Whenever things are not the best, we react with layoffs, let's see if this affects employees in Amsterdam.

Layoffs announced for Alpharetta due to opening of new Nashville center. Office closing?

Lumileds does have layoffs. They were owned by Philips but now we were sold to a private equity group and there are layoffs

How come that we cannot find any info about layoffs in Amsterdam.

Is this still a trend and will things ever return from India. It's a very dangerous game, jobs move overseas never to be returned.

If things do not improve very quickly here at Philips we might have another round of layoffs and I can tell you this is not going to be fun for everyone. The whole industry, not only Philips is going through very hard time and people are losing jobs... — read more