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World of Software > Computing > Volvo starts layoff process at Shanghai office amid global restructuring · TechNode
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Volvo starts layoff process at Shanghai office amid global restructuring · TechNode

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Last updated: 2025/07/08 at 6:00 AM
News Room Published 8 July 2025
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Sweden-founded carmaker Volvo Cars has begun the layoff process at its research and development center in Shanghai as part of a wave of 3,000 job cuts it announced in May, making it the latest international automaker to reduce its workforce on the back of declining sales in China. One-on-one meetings about departures started last week and the layoffs are affecting research, engineering, and supply chain management functions at Volvo’s Shanghai office, accounting for between 10% and 70% of certain teams, sources told Chinese media outlet Jiemian on Monday. Volvo, owned by China’s Geely Holding, earlier this year announced an 18 billion Swedish kronor ($1.9 billion) cost-cutting plan and said around 3,000 employees would be let go, with a focus mainly on office-based positions in Sweden and representing 15% of its white collar workfoce. Volvo is not alone, as Reuters reported in February that Mercedes-Benz also plans to let go 10-15% of its sales and finance staff in China by 2027. [Reuters, Jiemian, in Chinese]

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