Philips cuts 4,000 jobs, with more restructuring on the way, amid slipping sales and rising...

cafead

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  • cafead   Oct 24, 2022 at 11:32: AM
via Barely one week into his tenure as president and CEO of Philips, Roy Jakobs is already being put to the test. As the devicemaker reported lower-than-expected third-quarter sales on Monday—confirming numbers that the company had previewed for investors earlier this month—Jakobs outlined his first major hurdle as CEO: leading a restructuring effort that will start by eliminating thousands of jobs around the world.

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