Company in trouble now - Anonymous employee Philips Employee Review

The company is not in good state now, mostly due to the war in ukraine and the recall of sleep care machines. The new CEO is restructuring the company and a lot of people are either leaving or being laid off. In bangalore, there is not enough parking or even seating for many employees. It is very noisy in many places as people are forced to take meetings at their desk due to lack of meeting rooms. People are making doing the best with what they have as they have been threatened repeatedly with loss of job if they do not come 3 days a week. There is also a lack of clarity on the restructuring as to whether people will be laid off or what status their projects will be in following the restructuring, which is contributing greatly to anxiety and loss of motivation within the organization. It remains to be seen how the company will emerge from this difficult time.