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BMW will cut about 8,000 jobs in Germany by 2027 through voluntary redundancies, hitting administration and development. The carmaker also named Qualcomm its lead compute silicon provider for the next decade, covering digital cockpit and automated-driving systems with Snapdragon Digital Chassis chips.
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Summary by ByteBrief

Qualcomm signs 10-year BMW chip supply deal
Porsche to cut 20% of jobs by 2035

Analysis: US tech companies have cut ~140K jobs YTD, or more than 33% of announced US layoffs in 2026, with ~50K cuts from Amazon, Oracle, Meta, and Microsoft (Financial Times)