Bosch plans to cut 1,200 jobs by the end of 2026

Earlier in January, Bosch announced plans to lay off 1,200 employees by the end of 2026, including 950 in Germany. The layoffs were mainly concentrated in the Intelligent Driving and Control Systems Division (XC). The reason for the layoffs was the increase in energy and commodity costs, which led to economic weakness and high inflation, slowing down the company's transformation process.