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Volkswagen to cut 1,600 jobs at software subsidiary Cariad - Handelsblatt

Published 11/03/2025, 17:20
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Investing.com -- Volkswagen (ETR:VOWG_p) is set to lay off 1,600 employees at its software subsidiary, Cariad, by the end of the year. This move will result in a reduction of nearly 30% of the workforce at the software unit, according to a report from Handelsblatt on Tuesday.

This decision primarily impacts the 5,900 individuals employed at Cariad and the layoffs are expected to be executed through redundancy programs. The company confirmed this information with Reuters.

Volkswagen, in an email statement, said that the layoffs are part of a "transformation plan" for Cariad that was agreed upon in 2023. The software subsidiary has played a relatively minor role at Volkswagen and the layoffs signify a shift from the company’s initial grand plans for its own software house.

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