Yan Sen Lu (呂欣辰)’s Post

Here is another major announcement about layoffs. This time 9000 at Nissan including the CEO taking a 50% pay cut. It was a business decision for the Japanese automaker to make deep cuts to navigate a steep decline in global sales, including these layoffs, reduced production, and a renewed focus on EVs and hybrids. Its operating profit plunged by 90% in the first half of the fiscal year, down to $214 million, reflecting major struggles in core markets of North America, China and Japan. If you’re a coach - this is sadly a great time to get to work. So many people are out of work, emotions are high, job availability is low. If you’re out of work or trying to elevate your skills and attention at work - engage with a coach. A qualified business coach can help you find solutions to challenges and opportunities. I am happy to offer a complementary discovery call to anyone who has been laid off in these last 2 years or fears their job is as risk. 📲 💻 Just message me. #careercoaching #schoolofthoughts

In the past 48 hours, we’ve seen major developments shake the global automotive landscape: 🔹 Nissan is cutting approximately 9,000 jobs globally to manage rising costs and declining sales as part of a significant restructuring effort. 🔹 Stellantis (Jeep) announced 1,100 layoffs at its Toledo, Ohio plant, impacting production as the company adjusts inventory levels across North America. 🔹 Audi is planning “thousands” of job cuts outside production as part of its streamlining strategy to address financial pressures. 🔹 Neta—a Chinese EV maker—has reportedly halted production and implemented salary cuts, with CEO Zhang Yong going silent on social media, sparking concerns about the company’s future. These announcements reflect the tough realities faced by the auto industry today, where both production and demand challenges are reshaping how companies operate. #automotive #manufacturing #industrynews #jobcuts #restructuring #automakers

General Motors has announced approximately 1,000 global layoffs as part of a strategic move to enhance competitiveness and streamline operations. As the automotive landscape transitions toward electric vehicles, GM aims to "optimize for speed and excellence," according to spokesperson Kevin Kelly. While this decision addresses cost management crucial for future growth, it raises concerns about employee morale and potential disruption within the supply chain. Legacy automakers like GM are recognizing the necessity for agility in a market increasingly dominated by EV startups. Ultimately, GM's ability to pivot toward innovation while managing workforce and stakeholder implications will determine its success in not just surviving, but thriving in this new era of mobility. It’s a bold move—because in today's automotive world, adaptability isn’t just important; it’s essential. What are your thoughts on GM’s strategy?

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

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.

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

Volkswagen Group 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 Group 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. #Research #AutoSectors #FY25 #India

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.