Jonathan Weiss’ Post

Today’s headlines spotlight Nissan’s decision to cut 9,000 jobs in response to a staggering 94% drop in net profits. This isn’t merely a cost-cutting measure—it’s an acknowledgment of deeper concerns about the company’s recovery timeline and a strategic decision to prioritize profitability over maintaining workforce size. Nissan attributes these cuts to rising production costs in the U.S. and a growing demand for electric vehicles in China—industry shifts that have been well underway. Yet, Nissan has lagged behind more agile competitors who anticipated these changes and adapted sooner. For talent acquisition professionals, Nissan’s layoffs create both opportunities and challenges. While affected employees are likely to see increased recruiter interest, it’s important to approach this thoughtfully. Severance negotiations often take months, and many employees may opt for a break before re-entering the job market. Additionally, Nissan will work to retain its top talent, making competition for available candidates intense. Overall, the auto industry’s trajectory remains cautious. Despite a temporary rebound last year, industry growth has plateaued again in 2024. This may limit roles for specialized automotive talent, while back-office professionals will likely find broader opportunities across sectors. What’s your perspective on Nissan’s recent announcement?

Volkswagen plans major layoffs, company to shut at least three plants in Germany. It will also slash salaries by 10% as cost-cutting measures with no salary increases in 2025 and 2026. There are listed Indian companies who could be affected due to this move like Bosch. Motherson is another company I could think of, who could be impacted due to this move. All and all, automobile sector space is not looking good at all. We have seen US automobile sector struggling (updated here). In India, sales are down and showrooms have huge unsold inventory. Even Europe is struggling now. Disclaimer - Please consult your financial advisor and this is not any buy/sell call.

Volkswagen plans major layoffs, company to shut at least three plants in Germany. It will also slash salaries by 10% as cost-cutting measures with no salary increases in 2025 and 2026. There are listed Indian companies who could be affected due to this move like Bosch. Motherson is another company I could think of, who could be impacted due to this move. All and all, automobile sector space is not looking good at all. We have seen US automobile sector struggling (updated here). In India, sales are down and showrooms have huge unsold inventory. Even Europe is struggling now. Disclaimer - Please consult your financial advisor and this is not any buy/sell call.

Major automakers around the world have announced multiple rounds of layoffs and factory closures in recent weeks as they struggle to turn a profit on EVs and face a potential onslaught of cheaper competition. Ford, General Motors, and Stellantis plan to slash thousands from their workforce in the coming months. Volkswagen has announced plans to shutter three of its factories in Germany, which could come with massive layoffs. Unfortunately for the world's major carmakers, they aren't facing one issue but an agglomeration of several significant interconnected challenges at once. Add to that an ultracompetitive business with high overhead costs and low profit margins, and things quickly get very difficult. When market dynamics, regulatory requirements, and financial costs shift dramatically in a relatively short period of time, the results can be dire. Read more about why car companies are cutting thousands of jobs on Business Insider: https://lnkd.in/dvu8M4Fg (Credit: Getty Images) #carcompanies #cars #layoffs #careers

This is another example of the trickle-down impact of all the high-paying, global Tech layoffs. Car companies are getting hammered. Wave 2 layoffs continue… All that (unprecedented) job growth from 2009-2021 benefited many companies and industries. And now that bubble has popped 😢 PS Volkswagen in Germany is toying with layoffs of 30,000!! https://lnkd.in/gk5mzSU2

🌍 THE WORLD AT WORK Europe’s Auto Industry Flat Tire Example Image The wheels are coming off in Europe’s auto industry—literally and figuratively. Car giants are grappling with slumping demand, sky-high production costs, and fierce competition from Chinese rivals, all while navigating the bumpy road to electric vehicle adoption. The result? A flurry of layoffs and factory closures that’s reshaping the industry. AKA - looking for a job in the auto industry is about to become really difficult. From Stellantis shutting down a Vauxhall van plant in England to Ford slashing 4,000 jobs across Germany and Britain, the hits keep coming. Valeo, Bosch, Michelin, and Schaeffler are following suit with layoffs across Europe, and even titans like Volkswagen are hinting at plant closures. The transition to EVs was supposed to electrify the market, but for now, it seems more like a dead battery.

Two unnamed Nissan executives said the company has "12 to 14 months to survive." Nissan cut more than 9,000 jobs earlier this month, while simultaneously slashing production by nearly 20%. Nissan's operating profit dropped 85% in Q3. #nissan #layoffs

Nissan Motor announces restructuring with massive layoffs globally. ● This is due to weakening sales in China and America ● 9,000 jobs (equivalent to 6.7% of its global work force) to be affected with 20% reduction in global manufacturing facility ● CEO to take 50% pay cut along with other senior executives, who will opt for voluntary pay cuts ● Sell their stake upto 10% in Mitsubishi Motors ● Reduce vehicle development lead time to 30 months ● Deepen their collaboration with Partners including Renault and Mitsubishi Motors All these efforts are expected to reduce their cost upto 400 billion Yen. #AutomobileIndustry #ToughCompetition #Layoffs

General Motors hits the brakes on jobs: a software reboot gone wrong? ⬇ 🚗 GM has announced layoffs affecting 1k salaried employees in its global workforce, hitting the software and services division hard. Around 600 employees at GM’s tech campus near Detroit will be impacted. 💻 The layoffs come as GM aims to "simplify for speed and excellence," prioritizing investments with the greatest impact. The affected division includes teams working on vehicle infotainment, OnStar services, and the Super Cruise driver-assist system. ⚙️ GM has faced software challenges recently, notably with the Chevy Blazer EV, which experienced infotainment and charging issues that led to a stop-sale notice. Though resolved, the incident highlighted the automaker’s ongoing struggles in its push to make its Android-based infotainment a true competitor to Apple CarPlay and Android Auto. 🛑 The cuts also follow GM’s decision to cancel its Ultra Cruise project, merging it with the Super Cruise team. GM aims to expand its hands-free driving system by 2025, but with Ford’s BlueCruise gaining ground, the road ahead looks competitive. 💬 GM’s software struggles echo similar challenges faced by other automakers, like Volkswagen’s difficulties with its Cariad software unit. It’s clear that the race to develop cutting-edge automotive software is proving tough for many. The question now is whether GM and its peers can overcome these hurdles without stalling innovation! #ev #software #tech #automotive

https://lnkd.in/gHZ-t6Ar Automotive industry is in the juncture of change over from Gasoline to EVs and Hybrids .I belive this slow sales is a temporary situvation of Automotive . It is going to be technology changes in Automotive Cars , Buses , Trucks , from pure gasoline to Electeic Vehicles in the coming days and EV sales keep improving and Gasoline vehicles reducing going further . Now all industries is in the process of Change over Management to EVs and Hybrid vehicles.