TechCar and Driverabout 2 hours ago
Porsche Plans 25% Workforce Cuts
6 min read
Porsche CEO Michael Leiters announced a plan to slash the overall workforce by 25 percent and management positions by 40 percent in the mid-term. The strategy aims to restore profitability after profits plummeted from $5.9 billion in 2024 to $101 million in 2025.
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