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Signify is cutting 1,000 jobs, including about 500 in the Netherlands, CEO Eric Rondolat announced with the company’s annual and quarterly figures. The lighting company previously divested from Philips is struggling with challenging market conditions and needs to make cuts, Rondolat said on the company's Friday morning investor call. Profit at the company fell substantially last year, and investors on the call were frustrated that Rondolat and his team did not provide solid sales and revenue forecasts for the coming periods.

Lighting company Signify has announced a major reorganization. The company wants to cut non-manufacturing costs to save over 200 million euros per year. That will involve layoffs, though the Philips spin-off company did not mention figures for job losses.

The Paramount Miami Worldcenter skyscraper in downtown Miami has Red Ribbon Week displays through Wednesday

The World’s Tallest Digital Israeli Flag and the enormous electronic word, “solidarity,” spelled in English and Hebrew, are lighting up the 60-story Paramount Miami Worldcenter skyscraper in downtown Miami. South Florida is ranked the third largest metro area in America with the most Jewish people – with a population of more than 550,000. Tower Lighting

/PRNewswire/ -- Ghirardelli Chocolate Company today announced it will reopen its flagship store, the Original Ghirardelli Chocolate & Ice Cream Shop, at...