In 2025, the number of personnel of the Chinese company BYD decreased to 870 thousand employees, which is about 100 thousand people (or about 10%) less than the year before. The company attributed the massive layoffs to restructuring, efficiency improvements and cost management measures.
The cuts come as automakers focus on improving operational efficiency, the next stage of competition in the electric vehicle market.
The logic of Chinese industrialists is explained as follows: the higher the operational efficiency, the more affordable, but at the same time high-tech, cars produced will be.
As for BYD specifically, its net profit at the end of 2025 amounted to 326.2 billion yuan (45.6 billion US dollars), which is about 19% less than a year earlier.
The decline was due to pricing pressure in the domestic electric vehicle market and ongoing investment, as the company maintained R&D spending at RMB 634 billion.
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