Bosch announces massive layoffs, cutting 5,550 jobs, as Germany’s auto industry faces significant challenges.

German company Bosch plans to eliminate approximately 3,500 jobs by the end of 2027 across its cross-domain computer solutions division. About half of these job cuts will take place at German sites due to sluggish demand for advanced driver-assistance systems and automated driving. Additionally, the company plans to reduce its workforce at its Hildesheim, Germany plant by around 750 roles by 2032, with 600 layoffs expected by the end of 2026. The company will also cut around 1,300 positions at its steering division in Schwaebisch Gmuend, near Stuttgart, between 2027 and 2030. These job cuts are likely to impact employees in various countries, including Germany.