Bosch, the renowned German automotive supplier, is set to reduce its workforce by 1,200 in the software development division by the end of 2026, as reported by Reuters on Thursday.
According to a spokesperson, discussions with employees regarding the job cuts have yet to commence, and approximately 950 employees are expected to be laid off in Germany alone.
In a statement, the company attributed the decision to a challenging economic climate and heightened inflation, driven in part by increased energy and commodity costs, which are currently impeding the transition.
The spokesperson revealed that employees in the software development division were briefed on the plan on Wednesday. The move underscores the impact of economic challenges on the automotive industry, prompting strategic adjustments within Bosch to navigate the evolving landscape.
