While no final decision has been made regarding the exact number of job cuts, Busch's comments suggest a clear need for strategic adjustments moving forward

German tech conglomerate Siemens may cut up to 5,000 jobs globally in its factory automation sector owing to ongoing struggles, reported news agency Reuters. CEO Roland Busch announced the potential cuts on Thursday.

Siemens is planning to layoff up to 5,000 workers in its factory automation division. The news comes from CEO Roland Busch, after the company's digital industries sector saw a major profit drop. "Sometimes we have to do some re-engineering because the developments weren't as positive as we expected them to be," Busch said.

Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday.

Siemens may lay off up to 5,000 employees in its global factory automation business due to underperformance, CEO Roland Busch announced, following a 46% profit drop in its digital industries division.

Siemens, facing a 46% profit drop in its digital industries division, plans to cut up to 5,000 jobs. CEO Roland Busch cited the need for restructuring amid unexpected negative developments. Despite this,