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Volkswagen is cutting up to 50,000 jobs and slashing its lineup in half to survive Chinese competitors who have rewritten the auto industry's rules.
Standard Chartered plans to cut 7,800 back-office roles by 2030 as AI becomes a cost-cutting weapon in banking.
Porsche slashes 500 jobs and closes its e-bike division to halt losses and refocus on core luxury car business amid profit drops.
Truecaller cuts 70 jobs after a 44% ad revenue drop, revealing deep financial strain and urgent cost-cutting measures.