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Philips cuts 6,000 jobs
More troubles in the technology sector as Philips has announced plans to reduce headcount by 6,000 by the end of 2009, according to MCV.
Philips reduced its exposure to speculative ventures in October last year when it spun five business out of its incubator venturing program into a fund managed by Prime Technology Ventures. One of the companies involved in the transaction was amBX, the ambient technology business, which is now independently funded by PTV.
Added to the GameOverZone for information, but doesn’t appear to have a direct impact on the games industry (please comment if you think I’m wrong)
Impact on the games sectors seems limited as the company has already exited amBX, the ambient technology business, into the arms of Prime Technology