Comparing the 2026 layoffs at Volkswagen Group (50,000 jobs) and Nokia (14,000 jobs). Volkswagen Group cut more people, Nokia cut a larger share of its workforce.
| Volkswagen Group | Nokia | |
|---|---|---|
| People Cut | 50,000 | 14,000 |
| % of Workforce | 7.4% | 18.9% |
| Total Workforce | 680,000 | 74,100 |
| Date | ||
| Category | WEAK DEMAND | RESTRUCTURE |
| Industry | Automotive & Transportation | Telecom |
| Reason | 50K jobs by 2030. | ~19% of workforce. |