One of the world’s largest manufacturers of electronic products Phillips An important development has taken place. In a statement from the company, it 6,000 people will be laid off expressed. Philips said goodbye to more than 4,000 employees last year.

With today’s statements, let’s say that Philips has said goodbye to a total of 10 thousand employees. This figure represents the company’s total workforce. corresponds to 13 percent which is a level not to be underestimated. With all this, it was decided to remove the 6,000 people as many as 1,100 It was also stated that it consisted of employees in the cities of Amsterdam and Eindhoven.

The reason for the dismissal decision at Philips is something else

The period 2022-2023 was a period of mass layoffs at tech giants. In this regard, Netflix, Microsoft, Alphabet (Google), Amazon and Meta (Facebook) have all done mass layoffs. These decisions had a common reason. Reduce costs. Incidentally, this is also the reason for the collective dismissal decision taken by Philips reduce costs. But let’s say the company is experiencing slightly different issues.

Philips has gone through a painful process in recent years. The company recalled the Continuous Positive Airway Device (CPAP), used for sleep apnea, and its poisoning ventilator. This recall 3-4 million products covered. The company, which has not recovered easily since that day, will continue to operate through the end of 2022. 1.7 billion euros net loss explained. And yet it seems that Philips has no choice but mass layoffs…