Philips lighting spin-off Signify to cut 900 jobs due to weak 2025 results, poor outlook

Eindhoven lighting company Signify announced new cost-cutting plans on Friday, which will lead to 900 job cuts globally. Roughly 150 of these positions will be eliminated in the Netherlands, a spokesperson confirmed. The announcement sent investors running, with Signify’s share price falling 11.5 percent at the opening bell of the Euronext Amsterdam stock exchange.

The company hopes to save approximately 180 million euros in costs. The plan was announced by Signify CEO As Tempelman during the presentation of annual figures, where the company behind Philips lighting products raised concerns about challenging market conditions.

The workforce reduction plan could affect all types of positions within the company, a spokesperson explained. The jobs will be eliminated through a mix of natural attrition, unfilled vacancies, and forced layoffs.

Signify still employed the equivalent of more than 28,000 full-time workers in October, which was down to 26,629 by the end of December. The company has carried out a major reorganization in recent years, with nearly 29,500 people employed by Signify at the end of 2024.

Formed as a spin-off company from Dutch tech giant Philips, the lighting manufacturer is now struggling with various factors, including reduced demand and the impact of import tariffs from the United States. Revenue fell by a tenth in the final quarter of 2025 to 1.5 billion euros.

Net profit nearly halved, with the bottom line showing 60 million euros in the last three months of the year versus 119 million euros in the same period in 2024. That dragged down results, which were also lower for the year as a whole.

Signify does not expect conditions to improve this year. Consequently, the company is not ready to provide a forecast for its 2026 annual revenue.

Signify’s professional lighting division, which includes offices and street lighting, grew last year in the United States, while results in Europe deteriorated. Consumer lighting saw growth in all markets except China.

Signify was among the stocks showing the largest drop on Friday morning at the Amsterdam stock exchange, amid the disappointing results and fears about the challenging conditions in 2026. The share price plummeted 11.5 percent, making it the biggest loser in the MidKap Index.

“In what will be a year of transition for Signify, our immediate priority is to outperform in a challenging market by strengthening our commercial and operational excellence and cost efficiency,” said Tempelman, looking ahead to the remaining fiscal year.

The company will also critically review its strategy and product offering. The findings will be shared during an investor day presentation in June.