Continental Slashes 3,000 R&D Jobs as Auto Sector Struggles As EV-Driven Auto Sector Slump Deepens
German auto parts giant Continental AG has cut roughly 3,000 R&D jobs in its automotive sector. This is because they prepare to spin off struggling businesses amid the widespread disruption of the automotive industry, which stems from overly aggressive investment in electric vehicles. Employment cuts, which amount to about 10% of Continental's R&D workforce, were […]