Volkswagen shares fell 3% following the release of disappointing second-quarter earnings, with operating profit reaching €3.5 billion, below market expectations. The automaker also announced a revision of its revenue forecast for 2026, signaling a more cautious outlook.
Alongside these financial adjustments, Volkswagen revealed plans to cut its workforce by 100,000 jobs as part of cost-saving measures. The company’s revised guidance reflects challenges in the automotive sector and changing market conditions.
According to company statements, the decision to reduce the headcount aims to streamline operations and adapt to evolving industry demands, ensuring the business remains competitive in the long term.
