Foreign media: Siemens will lay off 5,600 people in the digital industries division

hkcd.com
2025.03.19 07:50
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Siemens announced that it will lay off 5,600 employees in its digital industries division, accounting for about 8% of its global workforce of 68,000. This layoff is the largest since 2017, with 2,600 positions being cut in Germany. The company stated that weak demand in key markets and competitive pressure have led to a significant decrease in orders and revenue for its industrial automation business, with profits in the digital industries dropping by one-third. Additionally, the electric vehicle charging business will also lay off 450 employees