Unless you live in India, Poland, or Panama, you have ZERO job security with Philips. It is widely known and spoken about by Leadership - exact words "The company is not performing as well as it should and therefore cost control is vital if Philips wants to continue to deliver solutions to our customers at "affordable prices". While we are optimizing our costs on multiple levels, one of the actions is optimizing our location footprint to reduce our labor costs by moving resources to "Low Cost Countries" (USA is not one of them...).