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Automobiles
BMW cuts profit outlook as restructuring and China slowdown weigh
Original report:
BMW’s second profit warning of 2026 reflected restructuring costs linked to 8,000 planned job cuts in Germany and weaker Chinese sales. The carmaker lowered its annual margin forecast to around break-even, after initially targeting 4–6%.
· via the Guardian DE
Business
Canva restructure affects 1,271 staff through cuts, relocations and role changes
Original report:
Canva says a major reorganisation will affect 22% of its global workforce as it reduces management layers and brings teams together in centralised hubs. The Australian-founded design company has not disclosed how many employees will lose their jobs.
· via the Guardian AU