Adient Layoffs 2024: What to Know About the Latest Adient Job Cuts

Company Layoffs and Restructuring - Adient plans to cut jobs overseas and shift positions to countries with lower labor costs to reduce expenses [1] - The exact number of job cuts is unknown, but the company is moving some positions out of Europe [1] - Adient expects to incur $125 million in restructuring charges and save$60 million annually starting in 2027 [1] Financial Performance and Market Reaction - Adient's Q1 results showed lackluster sales, prompting the layoffs and job shifts [1] - ADNT stock is up slightly on Monday but down 20 9% year-to-date [2] Industry Trends - Adient joins a growing list of companies announcing layoffs to combat a tough economy [2] - Inflation continues to weigh on both consumers and businesses, leading to headcount reductions [2] Related Market News - Other notable stock market stories include Nike layoffs and Salesforce stock falling [2]