Submitted by 4Wf2n5 t3_10p68c8 in technology
thieh t1_j6jazuj wrote
Reply to comment by skilliard7 in Philips to cut 13% of jobs in safety and profitability drive by 4Wf2n5
Apparently they don't believe that FTE is a resource. Just redirect existing people to fewer projects so they have "Resources".
skilliard7 t1_j6jbop4 wrote
The problem is they also need to reduce costs in order to break even. They lost 1.33 Billion Euros last quarter. So some FTEs do need to be laid off to ensure that the company is sustainable.
They are cutting many products and reassigning people to fewer projects, as you suggested. It's just that layoffs are also happening.
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