Company sources confirmed the layoffs were done as part of cost-cutting measures as well as to tackle redundancies in certain roles across verticals.
The Q3 sales were affected by operational and supply challenges, Philips said in a statement.
New Delhi: Philips on Thursday said it has appointed Daniel Mazon as Vice Chairman (VC) and Managing Director (MD) for the Indian subcontinent with effect from October 3. The company said Mazon has taken over from V. Raja, who retired on September 30. “In his new role, Daniel will be responsible for driving the overall […]
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