Siemens Plans 4,200 Layoffs from IT Division | WHAT REALLY HAPPENED


Siemens Plans 4,200 Layoffs from IT Division

Engineering and industrial-technology conglomerate Siemens announced March 18 it will lay off 4,200 employees in the IT division, in what some news sources are claiming is preparation for an IT division spinoff. Siemens said it plans to invest $500 million euros in SIS, its IT solutions and services business, by 2012.

Webmaster's Commentary: 

I guess we know the reason for that recent corporate image ad campaign!

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