Philips has taken this decision due to the latest damage caused by the deepening sleep device recall.

New Delhi:

Global tech company Philips said on Monday that it will cut 6,000 more jobs worldwide after the latest losses due to deepening sleep device recall.

Philips CEO Roy Jakobs has issued a statement announcing further reduction in workforce by 2025.

This information has been given in the report of news agency AFP.

Let us tell you that even three months before this, the company had announced to cut 4,000 jobs.

During this, Philips CEO Roy Jacobs said in a statement that as part of the plan to increase productivity, we have decided to reduce about 4,000 of our workforce globally.

These days, in view of the possibility of global crisis, many big companies have announced to cut down their workforce along with retrenchment of employees.

Amid fears of a worldwide recession, big companies like Meta, Google, Microsoft, Twitter and Amazon have laid off their employees.

Apart from this, many startups have also reduced the number of employees for cost cutting and profitability.