Netherlands-based medical tech company Philips has laid off 6,000 employees worldwide.
The 130-year-old Philips company was once a flagship in various consumer electronics, including radios.
At present, it is involved in the production of various medical equipments including oxygen concentrators, electric lamps, car lamps, vacuum cleaners and various consumables.
Due to the economic slowdown, Philips laid off 4,000 employees last October, and has today laid off another 6,000.
This is attributed to declining sales at Philips, which has around 81,000 employees worldwide.
Amazon, Google, Twitter in line with Philips – 6,000 employee layoffsAmazon, Google, Twitter in line with Philips – 6,000 employees in line with layoffs, various tech companies including Twitter, Microsoft, Hewlett-Packard have made a large number of layoffs in the past few months.