Siemens announced today that it’s cutting around 6,000 jobs worldwide, and 450 of them will be in its EV charging business.
The German tech giant is laying off 450 employees in the EV charging business at Smart Infrastructure, with 250 of those layoffs taking place in Germany. Siemens announced the coming redundancies in September 2024. The cuts in the EV charging business, which employs more than 1,300 people, will be completed by the end of fiscal 2025.
The company is also laying off 5,600 employees in its factory automation business at Digital Industries, citing muted demand in key markets China and Germany.
Siemens cites the reasons for the EV charging business cuts as “strong price pressures and limited growth potential for low-power [Level 2] charging stations.” It says it will instead focus on DC fast-charging infrastructure depots and fleets and for “en route charging.”
In April 2023, Siemens opened a factory outside of Dallas that manufactures commercial Level 2 chargers.
Going forward, the company says it intends to take a more regional approach to markets with different charging standards to be more efficient.
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