The German auto giant expects a full-year revenue squeeze.
Omar Ramadan
Volkswagen has revised down its sales forecast for 2026. The German auto giant expects a full-year revenue squeeze.
The company reported the results on Friday. Volkswagen's second-quarter profit slumped, falling short of market expectations, according to the company.
Following the downward revision of its 2026 sales forecast, Volkswagen is now considering the implementation of mass job cuts as part of its strategy to address the ongoing revenue squeeze.
Volkswagen is reportedly considering mass job cuts following the downward revision of its 2026 sales forecast. Additionally, the company has held an earnings call presentation to address its 2026 second-quarter financial results.
Following the downward revision of its annual sales forecast, Volkswagen is now considering mass job cuts to offset a nearly 10% decline in second-quarter profits. The company further expects 2026 revenue to drop by up to 3% as it contends with intense competition, new tariffs, and rising restructuring costs.
Volkswagen is now considering mass job cuts of up to 100,000 employees as part of a significant cost-cutting programme, following a nearly 10% slide in second-quarter profit. The company has revised its 2026 revenue forecast to a decline of up to 3%, a major shift from its previous projection of a 3% increase. Performance is expected to be further pressured by intense competition, tariffs, and mounting restructuring costs.
Volkswagen is considering mass layoffs of up to 100,000 employees as part of a significant cost-cutting program. The company reported a nearly 10% decline in second-quarter profit, with net profit falling by a third. Consequently, the 2026 revenue forecast has been revised from a projected 3% increase over last year’s €321.9 billion revenue to an expected decline of up to 3%.
Volkswagen is now considering mass layoffs of up to 100,000 employees as part of a major cost-cutting program. The company’s second-quarter profit has declined by nearly 10%, leading to a downward revision of its 2026 sales forecast, which previously projected a 3% increase over last year's €321.9 billion revenue. Management attributed the recent slump in China sales to intense market competition and warned that tariffs and restructuring costs will further weigh on overall performance.
Volkswagen is now considering mass job cuts of up to 100,000 employees as part of a major cost-cutting initiative following a nearly 10% slump in second-quarter profits. The company has revised its 2026 revenue outlook to a potential decline of up to 3%, reversing its earlier forecast which had projected a 3% growth over the previous year's €321.9 billion revenue. This downward revision is largely attributed to intense competitive pressures within the Chinese market.
