Tag

#Job Cuts

2 articles

GENERAL

VW Slashes 50,000 Jobs as Profit Plummets Amidst EV Shift

Volkswagen is set to cut 50,000 jobs by 2030 following a dramatic 44% drop in operating profit. The German automotive giant faces intense competition, costly EV transitions, and supply chain challenges. Porsche, a key brand within the VW group, saw its profits virtually disappear, highlighting the severity of the crisis.

1 month ago
Finance

Job Cuts Surge Amidst Record Stock Market Highs

Job cuts have surged to 1.2 million in 2025, the worst since the Great Financial Crisis, yet the S&P 500 reaches record highs. This article explores the widening gap between the AI-driven corporate economy and the struggling consumer, highlighting the critical need for asset ownership in preserving wealth.

2 months ago