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Space X is spreading its wings wide and its shares are flying high, but for competitor Airbus, job cuts are leading the way forward. The defense and space sector layoffs by Airbus will affect around 2,000 workers, which sets a target on the backs of 5% of the workforce in the company’s second-largest divisio
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. The European agency had estimated much greater losses initially, but the numbers are not as dire as expected. The last time Airbus made significant cuts was back in 2020 when it announced its plan to cut 15,000 jobs. The company states there will be no compulsory