BMW wants AI to do its managers' jobs, plans 20% layoffs
BMW will use AI to cut its divisions and management roles by 20% by mid-2027, with similar cuts at lower levels. The carmaker announced the plan at its capital markets day, alongside a margin target of 3% to 5% by 2028. CEO Milan Nedeljkovic said the restructuring will help BMW face fierce competition, as up to...
Key Takeaways
- BMW will use AI to cut its divisions and management roles by 20% by mid-2027, with similar cuts at lower levels.
- The carmaker announced the plan at its capital markets day, alongside a margin target of 3% to 5% by 2028.
- CEO Milan Nedeljkovic said the restructuring will help BMW face fierce competition, as up to 8,000 white-collar jobs in Germany are affected.
BMW will use AI to cut its divisions and management roles by 20% by mid-2027, with similar cuts at lower levels. The carmaker announced the plan at its capital markets day, alongside a margin target of 3% to 5% by 2028. CEO Milan Nedeljkovic said the restructuring will help BMW face fierce competition, as up to 8,000 white-collar jobs in Germany are affected.
Original Publisher Attribution
This summary was curated from Times of India.