Layoff announcement

Signify layoffs: 900 jobs

Signify announced a €180 million cost program affecting 900 jobs worldwide. The Amsterdam-listed lighting company paired the workforce reduction with a broad strategic review after missing market expectations.

Reported cuts
900
Announced
Country
Multiple
Location
Worldwide, including approximately 150 positions in the Netherlands
Scope
Global
Industry
Lighting Technology

Original reporting

Signify launches business review and cost cuts, shares slump as outlook disappoints

Reuters via MarketScreener Wire Service

Read on Reuters via MarketScreener