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Siemens Layoffs: Tech Firm Likely To Fire 5,000 Employees Amid Ongoing Challenges

While no final decision has been made regarding the exact number of job cuts, Busch's comments suggest a clear need for strategic adjustments moving forward

India Today on MSN · 3d

Siemens layoffs: Tech giant may cut up to 5,000 jobs amid ongoing struggles

German tech conglomerate Siemens may cut up to 5,000 jobs globally in its factory automation sector owing to ongoing struggles, reported news agency Reuters. CEO Roland Busch announced the potential cuts on Thursday.

Reuters · 3d

Siemens to cut up to 5,000 jobs in automation business after downturn

ZURICH, Nov 14 (Reuters) - Siemens (SIEGn.DE), opens new tab could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday.

Indiatimes · 2d

Siemens to cut up to 5000 jobs: "Sometimes we have to do some re-engineering," says CEO

CEO Roland Busch cited the need for restructuring amid unexpected negative developments. Despite this, Siemens remains optimistic about long-term growth in automation, citing demographic trends ...

Times Now on MSN · 2d

Siemens To Layoff Workforce; Over 5,000 Employees To Get Pink Slips Amid Profit Decline

Siemens may lay off up to 5,000 employees in its global factory automation business due to underperformance, CEO Roland Busch announced, following a 46% profit drop in its digital industries division.

13h

Siemens Stock Surges After Q4 Profit Beat, Flags Rising Global Risks

The trains to industrial software maker's shares rose more than 8% in early trading, making Siemens the top performer on the Stoxx Europe 600 Industrial Goods and Services index.

Siemens Q4 Profit, Orders Rise; Sees Growth Ahead; Stock Up

Shares of Siemens AG were gaining around 6 percent in the morning trading on Germany's XETRA after the conglomerate on Thursday ...

Yahoo Finance13d

Siemens Acquires Altair Engineering

Siemens has signed an agreement to acquire software provider Altair Engineering Inc. Siemens CEO Roland Busch said the ...

Siemens Plans To Fire 5000 Employees From Factory Automation Division

Siemens, the German tech giant, is reportedly planning to cut up to 5,000 jobs globally in its factory automation sector, ...

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