Porsche Layoffs: Luxury Automaker to Eliminate 9,000 Jobs by 2030 in Major Restructuring

Porsche announced a major restructuring plan to eliminate around 9,000 jobs by 2030 - roughly 25 per cent of its workforce - shifting to a 'value over volume' strategy following falling sales in China and profit margin pressures. The planned reductions represent roughly 25 per cent of the company's global workforce.