I believe that we'll be looking at major layoffs at Siemens, but 20k? Doesn't that number seem overblown to anybody else?
It's not that I believe or have any faith in management, but I honestly believe that we'll not see that many layoffs. A quarter of that or even half, but not the whole thing.
20k is way too high. More like 20.
you are an id--t if you think 20k is too high.
20k doesn't seem high if that is globally. I would assume a large portion will be from oil and gas which has taken hits already.
If the new structure is going from 9 to 3 divisions redundancy will be eliminated which equals layoffs.