Latest from News

© Endeavor Business Media
ewchampionpodcasttitleslide04112025
© Endeavor Business Media / Jim Lucy
san_francisco_convention_centerskyline1920
Photo 226496518 / mohd izzuan ros /Dreamstime.com
acquisitions_2023_photo_226496518__mohd_izzuan_ros
© Endeavor Business Media /Datawrapper.com
singlefamilybuildingpermits_1920
Photo 7616826 / W.Scott McGill / Dreamstime.com
wall_streetbullbear_photo_7616826__w
© Endeavor Business Media
0411promo
287131979 / © Hcazenave / Dreamstime.com
dreamstime_l_287131979_copy
© Endeavor Business Media / Jim Lucy
tee_032502025promo

Siemens carves 4,500 more jobs

Siemens AG, Berlin, Germany, said this week it will cut 4,500 more jobs, on top of the 7,400 it announced last year, as part of a restructuring plan. Siemens employs more than 300,000 people worldwide. The restructuring is part of a plan by Joe Kaeser, chief executive since July 2013, to streamline the conglomerate by reducing the number of divisions and the hierarchy within them to save €1 billion and boost profitability.

IndustryWeek: Siemens to Cut 4,500 Jobs Worldwide