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Group 1 - Bosch announced a reduction of approximately 13,000 jobs in its automotive division to address a cost gap of about €2.5 billion [2][4] - The layoffs will primarily affect roles in management, sales, research and development, and production, while the total global workforce will remain at 418,000 employees by the end of 2024 [4] - The company attributes the job cuts to multiple external factors, including a slowdown in the global and European vehicle markets, increased competition from companies like Tesla and BYD, and additional costs from tariffs imposed by the U.S. on EU goods [4][5] Group 2 - Bosch's automotive division, particularly the smart mobility segment, is facing a structural cost gap of approximately €2.5 billion annually due to a prolonged downturn in the automotive market and regulatory challenges [5] - The company highlighted that the penetration rates of advanced technologies such as electric vehicles and autonomous driving are significantly lagging, contributing to the ongoing structural transformation and competitive pressures in the global automotive industry [5]