Airbus to lay off 2,500 to turn around space and defense division

BLAGNAC, France: Airbus, the European aerospace giant, announced on October 16 that it plans to lay off 2,500 employees to turn around its struggling defense and space division.

The layoffs come amid ongoing challenges in the sector, including supply chain disruptions, rapidly evolving warfare technologies, and rising costs.

The company also indicated that additional organizational changes would be imple