BMW layoffs: German carmaker to use AI to drive 20% cut in senior management roles

BMW AG plans to eliminate about a fifth of its senior management positions by the middle of next year as the luxury carmaker steps up the use of artificial intelligence to reduce costs and improve profitability, Bloomberg reported.The Munich-based automaker said on Wednesday that it would streamline divisions and management positions as part of an agreed buyout programme. The restructuring is expected to affect lower levels of the organisation as BMW seeks to make its operations more agile through greater…