The spectacularly successful conglomerate Siemens (SI), which was roiled by scandal two years ago, has decided to fire another 4,200 people. Those being cut are in the firm’s IT business solutions unit. This division of Siemens was only moderately profitable last year. Revenue for the operation was $6.5 billion last year.

Siemens plans to spin out its IT operation, so all the firing helps to improve value. For the investors.

Douglas A. McIntyre