EdisonReport can confirm that Signify (Philips Lighting) has implemented a layoff. One source told us that five sales people were laid off in the Northeast on 23 AUG, we also heard of sales people being laid off the week before. We reached out to Signify and received the following response:
“The lighting industry is changing which means that we continuously align our organization to match market demand while continuing to invest in high growth areas. This is standard business practice for an industry in transition. We continue to enhance our leadership and teams focused on Systems and Services and connected home and remain focused on best serving our customers’ and providing optimal sales coverage across the US – an important hub of economic growth and innovation for the company globally.”