Bosch's main reason for layoffs is that it is difficult to achieve its economic goals

Stefan Hartung, CEO of Bosch Group, pointed out that the automotive and intelligent transportation business, as Bosch's largest revenue pillar, accounts for 60% of the group's revenue, but has the lowest profit margin. Bosch's financial report shows that the company's revenue in 2023 is close to 92 billion euros, and the sales return rate in 2023 is 5%.