Volkswagen First-Half Net Profit Falls More Than 30%, May Cut Around 50,000 Jobs

Volkswagen Group said its first-half 2026 after-tax profit fell more than 30% year on year, citing U.S. tariffs and intensifying global competition. The company also said full-year 2026 revenue is now expected to come in below its previous forecast, according to 36Kr. Group CEO Oliver Blume said Volkswagen may cut around 50,000 jobs worldwide to meet its cost-reduction target, though the final scale still needs further assessment.