European Industrial giant Siemens will proceed in more massive layoffs, announcing cutting a further 4,500 job seats worldwide.

In February, the company announced firing 7,800 employees but then Wall Street Journal reported that the total number of Siemens’ human dynamic didn’t drop since the company hired more than 11,000 people world-wide in the first four months of the current fiscal year alone.

Still, before February’s and today’s announcements, Chief executive of Siemens Joe Kaeser an...

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