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BYD Cuts Nearly 100,000 Jobs in 2025 in First Major Headcount Decline
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BYD Cuts Nearly 100,000 Jobs in 2025 in First Major Headcount Decline
BYD Co. reduced its workforce by approximately 100,000 employees in 2025, marking the first major headcount decline for China’s largest private-sector employer, even as vehicle sales rose to a record 4.6 million units. The Shenzhen-based giant ended the year with roughly 870,000 employees, down from 968,900 at the close of 2024, according to the company’s 2025 annual report filed with the Shenzhen Stock Exchange. The headcount cut was made in a …
Starting from the latest fuel price update at the beginning of the month, the April 2026 vehicle tax amnesty program, to the surprising move by the global electric car giant, BYD.
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