‼️ 🚘 BMW plans to use artificial intelligence to cut a fifth of its management roles by mid-2027. The cuts are part of an agreed buyout plan meant to reduce costs and lift profitability. BMW said Wednesday that they will come from shrinking some divisions and the management roles tied to them. The reductions will then feed through to lower levels as the carmaker aims to become more agile “through the efficient use of artificial intelligence.”
‼️ US Mortgage rates surged even higher this week, to 7.58% Tuesday, according to a separate survey from Mortgage News Daily. Mortgage demand is now at the lowest level in two years.
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