Siemens Management Call Today discussed massive layoffs coming through 2027 upwards of 20,000 employees globally. Massive restructuring underway for all business segments through 2028. Divestment of many areas due to AI adaptation and automation.
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Orlando GM just quit! The office is awful.Even vendor channel partners want nothing to do with Siemens Material. They priced themselves completely out of the market. Way too much competition in Building Automation. They can only hire young naive college graduates because nobody with any experience and knowledge wants to work for Siemens. The overall company leadership is terrible with zero experience or strategy. Blind leading the blind for years just living off an eroded service base of margin which they can't capture anymore. To salvage their shareholders they plan to layoff 20,000 people. Sad and awful but that's capitalism and the world we live in.
As expected
That's a lot of people. They did this in 2008 after GFC 16000 layoffs. Someone at the top knows something is coming globally.
Our office is a ghost town in Boston. Only 40 year old GM and 2 admins come in 2 times a week. Over 30,000 sq feet of office space wasted. Nobody is ever in the office. Morale is terrible and has been for years. Reputation in our industry is awful.
@a2 Last year, even the CEO of Siemens USA did rage quit. You would think that for a CEO role, there would be a transition, with an announcement of the departure of someone, with a couple of months to hand over the role to the new one, etc... But no, I think she did a LinkedIn post on a Monday morning to say that she was starting a new CEO role somewhere else. Wow. It was saying a lot about what is boiling internally...
It took Siemens many months to find a new CEO for the USA, and that person seems particularly unfit for the role, being a lawyer with absolutely no engineering or business background in the US. Like they didn't find anybody else?
This is sad but true. This company has been seeing resignations every day from all areas. A combination of AI and years of bad leaders. Awful news but was coming for a very long time
Managers are resigning daily! Check LinkedIn for announcements nationally and globally