A Dutch newspaper is reporting Philips Lighting has decided to lay off 118 of the 350 employees it has at its Eindhoven (Holland) research and development laboratory.
The report says the cutback is part of a plan to make the Research and Development unit more efficient and create more focus. It did not say which specific positions would be eliminated, or if the company was moving away from a specific area of interest. But, the company is increasingly concentrating on smart lighting and the Internet of Things applications.
Philips Lighting said last year it would hire another 80 R&D staff to add strength in that area.Tagged with Philips Lighting