Automakers

VW's Cariad software unit to cut costs by 20%, avoid forced layoffs

Cariad booth CES 2023
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By:
Bloomberg
December 14, 2023 09:41 PM

Volkswagen Group's software unit Cariad has agreed to cut 20 percent of its internal development costs annually until 2028 as it attempts to avoid forced layoffs in a major restructuring prescribed by CEO Oliver Blume.

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