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Philips To Lay Off Thousands of People

Philips To Lay Off Thousands of People

Philips, the world-famous electronics company based in the Netherlands, is downsizing worldwide to cut costs. The company announced that it will lay off 6,000 people. The electronics giant laid off 4,000 jobs in October last year.

In the statement made by Philips regarding its sales in 2022, it was stated that sales decreased and the company made a loss of 1.6 billion.


In the statement, it was stated that the company will cut 6,000 jobs worldwide in 2023. It has been recorded that 1,100 of them are in the capital of the Netherlands, Amsterdam and Eindhoven.

LAST YEAR, they laid off 4000 people

The company, which has around 80,000 employees worldwide, laid off 4,000 jobs in October last year, again to cut costs.

Gül Demirci

Hi, I'm Gul. I am a writer for Expat Guide Turkey and I strive to create the best content for you. To contact me, you can send an e-mail to Happy reading!

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