<ul><li>Volvo, the Swedish auto company, plans to trim its workforce by 7%, affecting about 3,000 employees.</li><li>Over 50% of Volvo's workforce is in Sweden, with cuts impacting about 1,200 positions in the country.</li><li>The layoff aims to increase cash flow and reduce expenses to navigate the global automotive sector downturn.</li><li>Volvo's move to let go of employees is driven by the desire to cut costs and bolster resilience, following a drop in revenues in Q1 2025.</li></ul>

Volvo to let go 3,000 from workforce amid low profits

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