Infineon to cut 1,400 jobs; EV slump recovery 'not yet in sight,' CEO says

Infineon sign Arc 2024_0.jpg — (BLOOMBERG)

By:

Bloomberg

August 05, 2024 12:14 PM

Infineon Technologies CEO Jochen Hanebeck said a full-scale recovery from a slump in electric vehicle demand is "not yet in sight" as he laid out plans to cut 1,400 jobs.

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