Siemens is launching a major internal cleanup. The company wants to make its complex structure leaner and more centralized under its new "ONE Tech Company" strategy. To discuss how these big changes affect the European market, experts are gathering at the upcoming Lisbon IT event next month.
This plan drives the Siemens corporate restructuring 2026 goals by cutting top management layers. Siemens will eliminate hundreds of unnecessary C-level positions. This means Siemens cutting chief executive titles like divisional CEOs and CFOs, replacing them with simple "Head of" roles. This shift mirrors the broader corporate management downsizing trends 2026 is bringing to large firms that want to merge separate HR and legal departments into central teams.
Moving Software Work In-House
As part of this efficiency drive, the giant confirmed it is Siemens closing evosoft software subsidiary in Nuremberg. This software unit has faced heavy losses for years. Since 95% of its orders came directly from Siemens, the parent company decided to close it and develop software internally.
The shutdown will affect nearly 380 employees. Siemens is advising these workers to apply for 2,000 open positions inside the parent company. However, many employees are also looking at other top tech companies in Germany that are hiring right now. Despite a record profit of 10.4 billion euros, Siemens is aggressively cutting corporate fat to focus on its core divisions.
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