Porsche’s supervisory board has approved a plan to eliminate approximately 9,000 positions by 2035, representing nearly 40% of its German workforce of around 23,000 employees. This new wave adds 5,000 job cuts to the 3,900 previously announced. The automaker saw its net profits drop by more than 90% in the first half of 2026, while vehicle sales fell by 15% over the same period. The EV transition and declining China demand are the main factors behind this deterioration. The reductions will primarily target administrative and R&D roles, with a commitment to avoid forced layoffs.
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