26/05/2025
Volvo Cuts 3,000 Jobs in Global Restructuring | What It Means for the Auto Industry. On May 26, 2025, Volvo Cars announced a major global restructuring that will slash 3,000 jobs—including 1,200 in Sweden and 1,000 contractor positions—as part of a $1.9 billion cost-reduction plan. This move comes amid rising raw material costs, U.S. tariffs, and a sluggish European market. CEO Håkan Samuelsson says the decision is essential to strengthen Volvo’s future, but it raises big questions about the global auto industry’s direction. In this video, we’ll break down what the layoffs mean, how the market reacted, and what it signals for other carmakers.