At 10:55 PM Beijing Time on Friday evening, Cummins (CMI), a leading manufacturer of engines and related components, revealed plans to cut at least 500 white-collar positions globally by the end of the year—representing approximately 3.5% of its total white-collar workforce. The decision comes as the company faces growing economic challenges in key markets, particularly in the U.S. and other major regions around the world. The job reductions will affect all departments within the company. Some cuts will be voluntary, with eligible employees in the U.S. offered early retirement packages. These employees must make a decision by the end of next Thursday. Under the plan, those who accept the offer will continue to receive their salary for a period and enjoy 9 months of benefits after retiring. Other layoffs will be involuntary, with most affected employees receiving notice on December 18 and leaving the company before the end of the year. The financial impact of these layoffs will be reflected in Cummins’ fourth-quarter earnings report. This move signals a broader shift in the company’s strategy as it navigates a challenging economic landscape and seeks to streamline operations in response to market pressures.

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