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Tuesday Feb 07, 2023

Job Layoffs | Philips again cut 6,000 jobs, cut 4,000 jobs three months ago


file photo

file photo

Delhi: On the one hand, where many tech companies of the world cut jobs, now Philips also announced large-scale layoffs on Monday. The company said that due to the continuous losses in the company, 6,000 jobs will be lost worldwide (Job Layoff). This is the second biggest layoff announcement by the company after the company announced about 4,000 job cuts about three months ago. The company’s CEO Roy Jacobs has said that the company will lay off these employees by 2025. Company CEO Jacobs said in a statement that 2022 will be a very difficult year for Philips and our shareholders, who are taking these steps to drive our improvement and performance.

This step had to be taken due to loss

The Amsterdam-based firm forecast a loss of 105 million euros ($114 million) for the fourth quarter of 2022 and a massive 1.6 billion euro loss for the year-ago period. Philips announced a mass recall of the machines used to treat people with sleep apnea in 2021. Philips CEO Roy Jacobs said in a statement that 4,000 jobs were being cut immediately to reduce production. This decision is difficult but necessary. We do not take this lightly and respect the employees affected.

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The company has gone through a lot of change

Jacobs said these actions need to be taken so that the company can see Philips’ growth potential and deliver returns for our shareholders. Philips, which started as a lighting company over 130 years ago, has gone through a lot of transformation in recent years. The company is now focusing on manufacturing healthcare products. The company sold off assets to focus on making high-end electronic healthcare products. Questions raised about some of the company’s products and subsequent recall announcements led to a further decline in the company’s market share.



Philips 40B1U5601H | Philips gaming monitor launched with amazing features, know its features and price


Photo - Philips.in

Photo – Philips.in

Delhi: Philips today launched the Philips 40B1U5601H gaming monitor. Let us tell you that the launched monitor is a customized version of the 40B1U5600 monitor being sold since last month. The 40B1U5601H sports a 5-megapixel webcam instead of the normal panel. However, all other specifications such as the 5W speaker pair remain the same. Let us tell you that recently the company launched Philips 27B1U7903 and Philips Evnia gaming monitors in the market. The Philips 27B1U7903 is a premium 4K monitor with a mini LED backlight and a Thunderbolt 4 port. At the same time, Philips Evnia has a 34-inch curved screen, which supports 165Hz refresh rate.

Philips 40B1U5601H Price

Talking about the price, the Philips 40B1U5601H will be made available later this month for Rs 73,352. While Philips is already selling the 40B1U5600 for Rs.64,432.

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Monitor Specifications

Both the monitors flaunt a 40-inch screen with W-LED lights, a resolution of 3,400 x 1,440 pixels, and a 21:9 aspect ratio. Additionally, both the monitors offer 120Hz refresh rate when connected to a device via DisplayPort or USB Type-C. Only 100Hz refresh rate is available using HDMI. Philips claims the 40B1U5601H has the same 1,200:1 contrast ratio and 4 ms GtG response time as the 40B1U5600. In addition to the 40B1U5600’s 500 nits and VESA DisplayHDR 400 certification, the 40B1U5601H offers just 300 nits of maximum brightness. Philips has a single DisplayPort 1.4, HDMI 2.0, and USB Type-C connection on the single monitor. DisplayPort supports Alt Mode and 100W Power Delivery. The 40B1U5601H has the same USB Type-A hub and RJ45 Ethernet port as the 40B1U5600.



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