Volvo Cars announced Monday that it would cut 3,000 jobs globally, primarily affecting office positions in Sweden, citing ongoing uncertainty caused by President Donald Trump’s tariffs impacting the automotive market, The Hill reported.

The Sweden-based automaker described the layoffs as part of its “cost and cash action plan,” aimed at building resilience amid significant external challenges in the industry. The reductions amount to about 15% of Volvo’s global office-based workforce.

“These structural changes are necessary for Volvo Cars to deliver on its long-term strategy, strengthening its foundations for profitable growth,” the company stated.

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