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Siemens to Restructure Workforce, Plans to Reduce Up to 5,000 Jobs Siemens to Cut Thousands of Jobs Amid Profit Decline German tech giant Siemens is set to cut up to 5,000 jobs in its factory automation division. This decision comes after a significant 46% drop in profits at its digital industries business. CEO Roland Busch attributed the need for restructuring to unexpected negative developments. "Sometimes we have to do some re-engineering because the developments weren't as positive as we expected them to be," Busch stated. While the exact number of job cuts is still being determined, the company currently employs 70,000 people in its digital industries segment globally... If you want to know more click 👇 below the link

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