Porsche is in a challenging situation, with sales falling from a record 320,221 in 2023 to 279,449 units last year. The company is looking to tighten its belt to improve its balance sheet before a wave of new models potentially turns things around.
The gas-powered Macan goes out of production this month, leaving a huge hole in the company’s lineup. Its direct successor won’t be ready until 2028 at the earliest. Elsewhere, Porsche stopped making the 718 models last October and won’t bring the Boxster and Cayman back until 2027 at the earliest. The two-door sports cars will return with electric drivetrains, alongside revived combustion-engine versions.
View Price on AmazonIn the meantime, Porsche is looking to tighten its belt to improve its balance sheet before a wave of new models potentially turns things around. On top of the already announced 3,900 layoffs, further job cuts are likely in the coming years. German business newspaper Automobilwoche, citing sources close to Zuffenhausen, reports that CEO Michael Leiters presented his future strategy to the supervisory board earlier this week, proposing roughly 5,000 additional layoffs.
That would bring the total to around 9,000 job cuts. For reference, Porsche’s workforce has already shrunk from 42,615 employees in 2024 to 41,780 last year. Beyond further layoffs, salary reductions are also possible. In exchange, the remaining staff would receive a job security guarantee until 2035, meaning operational layoffs would be off the table until the middle of the next decade.
The deeper cuts are expected to focus on R&D, as Michael Leiters aims to reduce complexity. Porsche has already announced closer cooperation with Audi to accelerate development of new models and spread costs, reducing the need for as many employees in research and development.
Source: motor1.com
