Squeezed profit forces Porsche to cut almost 4,000 jobs
March 13, 2025
Porsche is embarking on a significant restructuring effort, cutting 3,900 jobs as it faces declining sales in China, rising trade tensions, and a potential tariff battle with the United States. The German sports carmaker is adjusting its financial outlook and product strategy to maintain profitability. The company announced the job reductions to boost efficiency and […]