Business
Porsche cuts 5,000 more jobs, ~8,900 total since last year
On July 27, 2026, Porsche announced at an employee assembly in Stuttgart-Zuffenhausen the elimination of 5,000 additional jobs. Combined with previous year's measures, total job cuts reach approximately 8,900 positions. No forced layoffs are planned; departures will occur through natural attrition, partial early retirement, and voluntary separation agreements. The Volkswagen subsidiary, facing collapsed Chinese sales, high US tariffs, and disappointing returns on electric vehicles, will invest €2.1 billion in German facilities through 2035.