In response to the subdued demand for electric vehicles and a tumultuous geopolitical and economic landscape, Porsche intends to trim its workforce by 1,900 employees through voluntary departure initiatives by the close of this decade. This strategic reduction will be carried out across two German factories, with a temporary halt on new employee recruitment. The goal is to achieve a 15% decrease in the total employee count by 2029. Amidst the transition to electric vehicles, Porsche grapples with waning market deliveries and a pressing need to curtail costs.
