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industrial Automation

Siemens Plans to Cut 5,000 Jobs in Factory Automation Amid Ongoing Economic Challenges

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Siemens, a global leader in industrial automation, is considering significant workforce reductions as it grapples with financial and macroeconomic headwinds. According to reports from Reuters, the company may cut up to 5,000 jobs in its factory automation division, a move prompted by ongoing struggles within the sector. CEO Roland Busch revealed these potential cuts in … Read more

Bengaluru-based Ethereal Machines Secures $7.3 Million in Pre-Series A Funding

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Ethereal Machines, a Bengaluru-based company specializing in the manufacturing of 5-Axis CNC machines, has successfully raised $7.3 million in a Pre-Series A funding round. The funding was backed by prominent investors such as Peak XV’s Surge, Blume Ventures, Ganapathy Subramaniam, Mathew Cyriac, Lip-Bu Tan, Finvolve, 9Unicorns, Venture Catalysts, and T2D3 Capital, as reported by TechinAsia. … Read more