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Porsche Announces 5,000 Job Cuts by 2035 Amid EV Transition

Published July 27, 2026 at 4:32 PM UTC

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Porsche has announced plans to cut 5,000 jobs by 2035, a move that signals the luxury automaker's efforts to adapt to the electric vehicle (EV) transition and cost pressures. The job reductions, spread over the next decade, are part of a broader restructuring aimed at boosting profitability and investing in EV technology. While Porsche has not detailed specific plant closures or departments affected, the cuts are expected to impact administrative and production roles. The announcement comes as the automotive industry faces mounting pressure to reduce emissions and compete with new entrants like Tesla. Unions have expressed concern, but Porsche insists the plan is necessary to secure long-term competitiveness. The cuts represent about 10% of Porsche's workforce, which currently stands at roughly 50,000 employees. Germany's strong labor laws mean negotiations with unions will be crucial. The company plans to offer early retirement and voluntary severance packages to minimize compulsory layoffs.