It is as if the plug has been pulled.
By Amanda Goodall @TheJobChick
She works for Yahoo Finance and describes herself like this "Amanda advises executive teams, funds, and public-sector leaders on workforce risk, labor arbitrage, and organizational signals". Below is her tweet today:
WTF is happening in Germany?!
Germany announced 125,000 industrial job cuts in 6 weeks.
Putting that into perspective... If the U.S. got hit at the same rate, that’s like ~300,000 factory jobs or ~500,000 total jobs gone in a month and a half.
Picture every factory worker in a state like South Carolina unemployed.
That’s the scale.
Recent layoffs announced in Germany:
Auto & Auto Supplier Layoffs (past 12 months):
• Volkswagen: 35,000
• Mercedes-Benz: 40,000
• Audi: 7,500
• Ford (Saarlouis): 2,900
• Daimler Truck: 5,000
• ZF Group: 14,000
• Bosch, Continental, Schaeffler (combined): 7,000
→ Total: 111,400 auto jobs impacted
Steel & Heavy Industry Layoffs:
• Thyssenkrupp: 11,000 (≈40% of workforce)
Rail & Transport Layoffs:
• Deutsche Bahn: 30,000
• DB Cargo (subsidiary): 5,000
Postal & Logistics Layoffs:
• Deutsche Post: 8,000
Banking & Finance Layoffs:
• Commerzbank: 3,900
Tech (Germany-specific cuts) Layoffs:
• SAP: 3,500 (10,000 global)
MAJOR implications globally from all of this - so don't brush it off as just German layoffs... And no one’s talking about it.
