Porsche announces an additional restructuring aimed at reducing its workforce by 5,000 roles by 2035, according to multiple reports. Several outlets say the plan is part of a second package agreed between management and labor representatives, and it follows earlier announcements. Earlier rounds include 3,900 job reductions plus an additional 500 announced by CEO Michael Leiters earlier this year, bringing the total planned layoffs to close to 9,400–9,000 by 2035. Reports also state that Porsche is pursuing measures such as attrition and voluntary agreements rather than solely forced layoffs.
The companies’ restructuring is linked to weakening demand and market pressures, including slower sales in China, ongoing uncertainty around tariffs affecting the United States, and the financial impact of costs associated with its electric-vehicle transition. One report characterizes the overall plan as cutting roughly one in five jobs by 2035, citing challenges from both the China slowdown and EV-related pressure.
While the exact totals vary slightly by outlet, the core elements are consistent: Porsche plans another 5,000 job cuts by 2035, adding to previously announced reductions.
