(Please note that my experience was completed after the start of the COVID-19 pandemic.)
The interview process kicked off with an email asking me to set up a 30 minute phone screening with HR. After the phone screening, a second 30 minute phone interview was set up with the hiring manager. After passing the 30 minute interview with the hiring manager, I received an email asking me to pick times to interview with a panel of 4 employees, including the hiring manager, over webcam. I selected my times and about a week and a half later, went through the virtual interview process.
There were a couple back-to-back webcam interviews on one day, about 45 minutes each, and a couple more the following day. The interview questions were standard - asking about my resume, applicable experiences relating to the job description, why I wanted to work for Philips, etc. The most disappointing part about the entire experience was during my very first webcam interview with the hiring manager; at the start of the 3rd round, in the first 5 minutes of the Teams webcam call, he told me verbatim to "look out for a similar job posting from us next year, just in case you don't get this job". This was extremely discouraging. After he said those words, the rest of my 4 hours on the phone with these people seemed like an enormous waste of my time.
Despite the words of discouragement I got at the start of the third round, the interview was easy. It just seemed like they already had a candidate in mind from the start, and I was just interviewing so they could say the interview was conducted fairly.