Airbus has announced plans to slash up to 2,500 jobs in its defense and space division, citing a “complex business environment” marked by challenges including rising costs and “rapid changes in warfare.

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 plans, announced by the company last week, are envisioned to help adapt the division’s organisation and workforce in light of a continued complex business environment, especially in the space systems segment where significant financial charges were recorded in 2023 and 2024.