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The trend of layoffs is leaving no business unscathed. Auto tariffs have hit the country hard and economic uncertainties are coming for automakers both in and outside of the country. Layoffs at Volvo Cars have been confirmed, with 5% of workers expected to be cut from its Charleston Plant in Ridgeville. This is only the start of the job cuts as the company has a large-scale cost-cutting goal that will likely require further workforce reduction attempts at Volvo Cars.
Additionally, Volvo’s battery firm is also exploring workforce cuts—Novo Energy is reducing its workforce by a bigger margin. Reports suggest that