By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
World of SoftwareWorld of SoftwareWorld of Software
  • News
  • Software
  • Mobile
  • Computing
  • Gaming
  • Videos
  • More
    • Gadget
    • Web Stories
    • Trending
    • Press Release
Search
  • Privacy
  • Terms
  • Advertise
  • Contact
Copyright © All Rights Reserved. World of Software.
Reading: Volvo starts layoff process at Shanghai office amid global restructuring · TechNode
Share
Sign In
Notification Show More
Font ResizerAa
World of SoftwareWorld of Software
Font ResizerAa
  • Software
  • Mobile
  • Computing
  • Gadget
  • Gaming
  • Videos
Search
  • News
  • Software
  • Mobile
  • Computing
  • Gaming
  • Videos
  • More
    • Gadget
    • Web Stories
    • Trending
    • Press Release
Have an existing account? Sign In
Follow US
  • Privacy
  • Terms
  • Advertise
  • Contact
Copyright © All Rights Reserved. World of Software.
World of Software > Computing > Volvo starts layoff process at Shanghai office amid global restructuring · TechNode
Computing

Volvo starts layoff process at Shanghai office amid global restructuring · TechNode

News Room
Last updated: 2025/07/08 at 6:00 AM
News Room Published 8 July 2025
Share
SHARE

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]

Related

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Student Loan Repayment Plans Will Last as Long as Most Mortgages. How Much the New Budget Bill Will Cost You
Next Article Get the Action Camera You Deserve This Prime Day
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

248.1k Like
69.1k Follow
134k Pin
54.3k Follow

Latest News

Meet the America Party, Elon Musk’s Harebrained Third-Party Scheme
Gadget
Apple appeals the fine of 500 million euros that the EU put to violate the DMA
Mobile
NVIDIA acquires Chinese GPU cloud startup Lepton AI: report · TechNode
Computing
Beloved discount chain ‘cheaper than Savers’ to open largest store in key state
News

You Might also Like

Computing

NVIDIA acquires Chinese GPU cloud startup Lepton AI: report · TechNode

1 Min Read
Computing

South African-born AI startup Cerebrium raises $8.5 million  

6 Min Read
Computing

The HackerNoon Newsletter: Stress Testing the Ethereum LSD Market (7/8/2025) | HackerNoon

2 Min Read
Computing

NextChina: The future of humanoid robots with Unitree Robotics co-founder Chen Li · TechNode

20 Min Read
//

World of Software is your one-stop website for the latest tech news and updates, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

Topics

  • Computing
  • Software
  • Press Release
  • Trending

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

World of SoftwareWorld of Software
Follow US
Copyright © All Rights Reserved. World of Software.
Welcome Back!

Sign in to your account

Lost your password?