Morningstar

Porsche to Cut a Further 5,000 Jobs

Provided by Dow Jones Jul 27, 2026, 6:07:00 PM

By Dominic Chopping

Porsche said it would cut another 5,000 jobs as part of a broader push to streamline the German sports-car maker, which already includes thousands of layoffs announced earlier this year.

Chief Executive Michael Leiters warned last month that the company was in talks with employee representatives to slash jobs alongside other initiatives to ensure the competitiveness of Porsche's sites.

In a statement Monday, Porsche said the 5,000 jobs would go by 2035, in addition to the 3,900 it had already planned to cut by 2029.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

July 27, 2026 09:07 ET (13:07 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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