Porsche ramps up job cuts to 9,000 by 2035 as profits crater over 90%

Porsche is cutting another 5,000 jobs. Total layoffs now approach 9,400.

Porsche agreed to cut 5,000 more jobs by 2035, on top of 4,400 already announced. The VW subsidiary went from profit driver to crisis case. €2.1B in factory investment secured.