The USPS announced it was laying off 10,000 employees
Recently, the world's well-known enterprises have announced layoffs plans, especially in the German manufacturing and logistics industry, the unprecedented wave of layoffs has caused widespread concern in the industry. Among them, Siemens, Audi, Volkswagen and other German industrial giants, DHL logistics giant are on the list; Recently, the United States Postal Service (USPS) has joined the ranks of layoffs.
In an effort to ease ongoing losses and high operating costs, the United States Postal Service (USPS) plans to lay off 10,000 employees over the next 30 days through voluntary early retirement. In a letter to Congress, USPS Director Louis DeJoy revealed that the USPS had a net loss of $9.5 billion in the 2024 fiscal year, and labor costs accounted for more than 70 percent of total expenses, far more than private delivery companies.
The cuts, which are being carried out in partnership with Musk's Department of Government Efficiency (DOGE), aim to optimize logistics networks, introduce automation and improve retirement asset management to save more than $3.5 billion in annual operating costs.
However, the layoffs have sparked widespread controversy and criticism. Us postal workers will stage a strike action this Sunday (March 23, local time) to oppose the Trump administration's targeting of American public services and protest the privatization of the postal service by Musk's Department of Government Efficiency (DOGE). The strike was triggered by an agreement between the USPS and DOGE to help cut costs and facilitate layoffs.
The move sparked an outcry among postal workers, with unions arguing it would threaten the job security of 640,000 postal employees and the universal service that every American relies on every day.
The wave of layoffs at well-known companies around the world continues to spread, and several industry giants have announced layoffs plans to cope with market challenges and cost pressures.
In Germany, Siemens announced that it will cut more than 6,000 jobs worldwide, mainly in its automation business and electric vehicle charging business. Due to the shift in the focus of growth in the global market demand for automation technology and the intensification of competitive pressure, Siemens plans to make structural adjustments to these two businesses. About 5,600 jobs will be cut in the automation business, and about 450 jobs will be cut in the electric vehicle charging business. Siemens said it would do its best to find new positions internally for the affected employees.
At the same time, the well-known German car manufacturer Audi also announced a layoff plan. Audi management has agreed with the company's labor unions to cut about 7,500 jobs in Germany by 2029 to reduce costs and improve competitiveness. Although Audi plans to invest a total of 8 billion euros in German plants over the next five years for technological innovation and production line upgrades, the growth in demand for electric vehicles has not met expectations, leading Audi to adjust its original plan to phase out fuel vehicles and decide to continue producing some fuel models after 2030.
Volkswagen has also announced plans to cut 35,000 jobs in Germany, Porsche plans to cut 1,900 jobs and Mercedes-Benz plans to cut thousands of jobs by 2027. German auto parts suppliers such as Bosch, ZF and Continental are also considering reducing the size of their workforce, with overall job cuts likely to reach 70,000.
The wave of layoffs in well-known global enterprises continues, and enterprises need to find a balance between transformation and upgrading and cost reduction and efficiency to cope with the changing market environment.
In an effort to ease ongoing losses and high operating costs, the United States Postal Service (USPS) plans to lay off 10,000 employees over the next 30 days through voluntary early retirement. In a letter to Congress, USPS Director Louis DeJoy revealed that the USPS had a net loss of $9.5 billion in the 2024 fiscal year, and labor costs accounted for more than 70 percent of total expenses, far more than private delivery companies.
The cuts, which are being carried out in partnership with Musk's Department of Government Efficiency (DOGE), aim to optimize logistics networks, introduce automation and improve retirement asset management to save more than $3.5 billion in annual operating costs.
However, the layoffs have sparked widespread controversy and criticism. Us postal workers will stage a strike action this Sunday (March 23, local time) to oppose the Trump administration's targeting of American public services and protest the privatization of the postal service by Musk's Department of Government Efficiency (DOGE). The strike was triggered by an agreement between the USPS and DOGE to help cut costs and facilitate layoffs.
The move sparked an outcry among postal workers, with unions arguing it would threaten the job security of 640,000 postal employees and the universal service that every American relies on every day.
The wave of layoffs at well-known companies around the world continues to spread, and several industry giants have announced layoffs plans to cope with market challenges and cost pressures.
In Germany, Siemens announced that it will cut more than 6,000 jobs worldwide, mainly in its automation business and electric vehicle charging business. Due to the shift in the focus of growth in the global market demand for automation technology and the intensification of competitive pressure, Siemens plans to make structural adjustments to these two businesses. About 5,600 jobs will be cut in the automation business, and about 450 jobs will be cut in the electric vehicle charging business. Siemens said it would do its best to find new positions internally for the affected employees.
At the same time, the well-known German car manufacturer Audi also announced a layoff plan. Audi management has agreed with the company's labor unions to cut about 7,500 jobs in Germany by 2029 to reduce costs and improve competitiveness. Although Audi plans to invest a total of 8 billion euros in German plants over the next five years for technological innovation and production line upgrades, the growth in demand for electric vehicles has not met expectations, leading Audi to adjust its original plan to phase out fuel vehicles and decide to continue producing some fuel models after 2030.
Volkswagen has also announced plans to cut 35,000 jobs in Germany, Porsche plans to cut 1,900 jobs and Mercedes-Benz plans to cut thousands of jobs by 2027. German auto parts suppliers such as Bosch, ZF and Continental are also considering reducing the size of their workforce, with overall job cuts likely to reach 70,000.
The wave of layoffs in well-known global enterprises continues, and enterprises need to find a balance between transformation and upgrading and cost reduction and efficiency to cope with the changing market environment.
