Adient’s job cuts come as the company seeks to address weak sales performance and reduce expenses. The layoffs will cost an estimated $125 million in restructuring charges but are expected to save $60 million per year starting in 2027. Adient is not the only company implementing layoffs in response to challenging economic conditions. Nike, Salesforce, and Tesla have also recently announced job cuts. Despite the layoffs, ADNT stock has risen slightly on Monday, though it remains down 20.9% year-to-date.
Adient Layoffs: Company to Cut Jobs Overseas to Reduce Expenses
