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Porsche plans to eliminate one in five jobs by 2035. The cuts respond to declining sales in China and broader struggles in the electric vehicle market.
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Summary by ByteBrief
Porsche appoints new production chief, pauses EV projects
Porsche Sales Decline Threatens EV Future
Analysis: US tech companies have cut ~140K jobs YTD, or more than 33% of announced US layoffs in 2026, with ~50K cuts from Amazon, Oracle, Meta, and Microsoft (Financial Times)