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Siemens To Cut 15,000 Jobs

By TechTaffy Desk

SiemensGerman electronics behemoth Siemens will cut around 15,000 jobs worldwide by the end of 2014. The reductions is expected to save the company around $8.1 billion. Siemens employs roughly 370,000 people, around 60,000 of those in US. 

Siemens appointed its CFO Joe Kaeser as the company’s new CEO in August this year.

[Image courtesy: Siemens]

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