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 this year as employers fear rising inflation could slide the economy could into recession.
https://www.forbes.com/sites/brianbushard/2022/10/25/philips-cuts-4000-employees-here-are-the-biggest-us-layoffs-this-year/?sh=268dadb828eb