Berlin: German automotive and technology giant Bosch is preparing to cut a substantial number of jobs worldwide as part of a renewed cost-cutting and efficiency drive. According to Handelsblatt, the company is considering a "five-digit" reduction in its workforce, signaling one of the most significant job cuts in Bosch’s recent history.

The decision comes amid growing challenges in the global automotive sector. Bosch faces declining demand in key markets, increasing trade barriers, and rising operational costs. Earlier this month, Bosch CEO highlighted that the company would continue to operate under intense price competition and is forecasting only modest revenue growth of approximately 2% for 2025, a slight increase from its €90.5 billion ($106 billion) turnover in 2024.

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