Bosch to Lay Off 7,000 Employees Amid Struggles in Automotive Sector
A Challenging Year for the Automotive Industry Amid a challenging economic climate for the automotive sector, German tech giant Bosch has announced significant layoffs, citing lower-than-expected returns on sales in 2024. As a leading supplier of essential automotive parts, Bosch is expected to lay off 7,000 employees across its German plants, with a focus on…