Bosch to cut 1,200 jobs in software division by ’26

Bosch, the German automotive supplier, will cut 1,200 jobs in the software development division by the end of 2026, Reuters reported on Thursday.

A spokesperson told Reuters that talks with the employees are yet to start, and that around 950 employees will be laid off in Germany alone.

“A weak economy and high inflation, caused among other things by increased energy and commodity costs, are currently slowing down the transition,” the company said in a statement.

The spokesperson also said that the employees in the division were informed of the plan on Wednesday.