CoCKy GeNiuS
Superstar
12k white collar jobs and 4k labor jobs being lost.
- Increased focus on operational efficiency, including leveraging shared services and automating our processes, to drive positive business transformation.
- Planned global headcount reduction of c. 16,000 over next two years, subject to consultation where applicable:
- Includes c. 12,000 white-collar professionals across functions and geographies, driving annual savings of CHF 1.0 billion by end of 2027 (doubled versus original plan of CHF 0.5 billion); related one-off restructuring costs expected at two times annual savings;
- Further c. 4,000 headcount reduction as part of ongoing productivity initiatives in manufacturing and supply chain.- Total Fuel for Growth cost savings target increased to CHF 3.0 billion (up from CHF 2.5 billion previously) by the end of 2027.
Jet propulsion just laid off a bunch of people
Prices keep going up & people keep losing jobs .