BMW plans to help cut management positions by one-fifth by the middle of next year by deploying AI. This is part of the company's agreed buyout plan to cut costs and increase profitability. BMW hopes to make the company more agile through “efficient use of artificial intelligence,” and plans to cut about 8,000 jobs, which is equivalent to about 5% of the automaker's total global workforce. BMW's goal is to restore the automobile business profit margin to the long-term target range of 8% to 10% by the beginning of the next decade, with a return of 3% to 5% in 2028 as the transition goal.

Zhitongcaijing · 1d ago
BMW plans to help cut management positions by one-fifth by the middle of next year by deploying AI. This is part of the company's agreed buyout plan to cut costs and increase profitability. BMW hopes to make the company more agile through “efficient use of artificial intelligence,” and plans to cut about 8,000 jobs, which is equivalent to about 5% of the automaker's total global workforce. BMW's goal is to restore the automobile business profit margin to the long-term target range of 8% to 10% by the beginning of the next decade, with a return of 3% to 5% in 2028 as the transition goal.