Porsche is cutting 1,900 jobs in Germany amid profit slump

Porsche production in Zuffenhausen. — Porsche is cutting its workforce to reverse falling profits. Shown is production at its plant in Zuffenhausen, Germany. (PORSCHE)

February 13, 2025 03:10 PM

Porsche plans to cut 1,900 jobs in Germany as part of cost-cutting measures to reverse sliding profitability amid weak electric vehicle demand and “challenging geopolitical and economic conditions.”

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