Global giants across multiple industries are launching a wave of layoffs, with the automotive industry becoming a major disaster zone for job cuts

Currently, multiple industries around the world are experiencing a new wave of layoffs. In the past two months, several leading companies in the automotive, pharmaceutical, aviation, energy, and consumer goods sectors have announced layoff plans, with scales ranging from thousands to tens of thousands. The automotive industry has become the hardest hit by this round of layoffs. Earlier this month, French media reported that Renault Group plans to implement a "voluntary departure" program to lay off 3,000 employees globally. In September, Ford Motor announced that due to weak demand in the European electric vehicle market, it would lay off 1,000 employees at its Cologne plant in Germany in early 2026, marking the first time the vehicle production department is involved. The supply chain is also under significant pressure. German automotive parts giant ZF announced earlier this month that it would lay off 7,600 employees; another industry giant, Bosch, plans to further cut about 13,000 jobs by the end of 2030