Volkswagen to cut 1,600 software jobs amid profitability concerns and trade war fears

braunschweiger-zeitung.de

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The companies are in danger. Restructuring will cost thousands of jobs. This is particularly hard on a group.

Heise

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From the software hope to the worry child of the VW Group: The subsidiary Cariad announces a drastic job reduction.

elektroauto-news.net

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The VW software subsidiary Cariad plans to cut around 1,600 jobs by the end of the year, as reported by Automobilwoche. Of the current 5,900 positions, almost one in three will be eliminated. A company spokesperson confirmed this and emphasized that redundancies for operational reasons are ruled out until 2029. Instead, the job cuts will be implemented in a socially acceptable manner through severance payments and early retirement programs. The …

HR Katha

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Volkswagen to cut 1,600 jobs at Cariad software unit

Redundancy programmes at Volkswagen’s Cariad software unit will lead to 1,600 job cuts by the end of this year. Cariad is the automotive software firm of the Volkswagen Group founded in 2020, to create and deliver synergetic digital technology for the auto maker’s car brands. As reported by the German business newspaper, The Handelsblatt, about 30 per cent of the 5,900-strong workforce at Cariad will be rendered jobless. As per Reuters, a transf…

smartdroid.de

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Cariad was considered to be a great hope for VW, because this laid the foundation stone for the software of all VW vehicles of the future. This was the start of VW's own software company. Today, a few years later, the disaster is not only several billions heavy, but also only a siding track. Cariad will support VW here and there, but in the West, Rivian has taken over the development of the new VW software from the USA. Cariad has caused more th…

Invezz

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Volkswagen to cut 1,600 software jobs amid profitability concerns and trade war fears

Volkswagen is implementing a series of strategic measures aimed at navigating a complex and challenging business environment. In addition to planning layoffs at its Cariad software unit, the German automaker is bracing for a year of flat profitability, grappling with muted demand in Europe, escalating trade tensions, and intense competition in the electric vehicle (EV) market.According to a report in the Handelsblatt business daily, Volkswagen p…