Porsche Announces Additional 5,000 Job Cuts by 2035

[Company Update] Porsche plans to cut an additional 5,000 jobs in Germany by 2035 to reduce costs and improve efficiency.

Core Development: Stuttgart Headquarters Becomes Layoff Focus

This round of layoffs primarily affects production plants and R&D centers in the Stuttgart region. Combined with previously announced reductions of 1,900 positions and the non-renewal of contracts for approximately 2,000 contract workers, Porsche's total job cuts in Germany will reach 8,900.

Key Figures: Comprehensive Escalation of Labor Cost Reduction

As of the end of 2025, Porsche employs approximately 20,600 people in Stuttgart and 41,800 employees globally. The company also announced a suspension of salary increases, reduced bonuses, and stricter alignment of bonuses with performance.

Strategic Rationale: Organizational Streamlining Driven by EV Transition Pressures

Facing profitability challenges brought on by the transition to electrification and digitalization, Porsche is accelerating cost structure optimization to strengthen its long-term competitiveness.