Bosch, the German automotive supplier, has announced plans to cut an additional 5,500 jobs worldwide, with 3,800 positions affected in Germany. This follows a previous restructuring that aimed to eliminate 7,000 jobs. The cuts mainly impact divisions focused on software for self-driving and electric vehicles, as European consumers buy fewer cars due to inflation and lower-than-expected transitions to electric vehicles, impacting demand for parts from suppliers like Bosch.