Bosch has announced plans to cut up to 5,550 jobs due to ongoing challenges in the automotive sector. Over 3,800 of these layoffs will occur in Germany, significantly affecting the Cross-Domain Computing Solutions division, which handles assistance systems and automated driving technologies. The company plans to negotiate these cuts with employee representatives to ensure the process is as socially responsible as possible. This decision comes as global vehicle production is expected to stagnate this year, with only slight recovery anticipated for the next year.