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German Fortune 500 companies have announced over 60,000 layoffs this year, but the biggest employee cull is still to come

By Yahoo! Finance   |   1 month ago
German Fortune 500 companies have announced over 60,000 layoffs this year, but the biggest employee cull is still to come

German companies in the Fortune 500 Europe have announced layoffs of over 60,000 employees this year due to economic challenges post-COVID. Major employers like Bosch and Siemens are cutting jobs to combat falling profits amidst rising energy prices and reduced external demand.

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