Siemens to cut up to 5000 jobs
Siemens to cut around 5,000 jobs in factory automation division
Siemens is planning to layoff up to 5,000 workers in its factory automation division. The news comes from CEO Roland Busch, after the company's digital industries sector saw a major profit drop. "Sometimes we have to do some re-engineering because the developments weren't as positive as we expected them to be," Busch said.
Siemens flagged mounting geopolitical risks like trade conflicts and weak consumer demand in the year ahead after posting ...
The Siemens Industrial Copilot is the first generative AI-powered assistant for engineering in an industrial environment.
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In a report released today, Andrew Wilson CFA from J.P. Morgan maintained a Buy rating on Siemens (0P6M – Research Report), with a price ...
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