--- title: Porsche is cutting another 5,000 jobs. Total layoffs now... description: Porsche has agreed to a second restructuring package, cutting an additional 5,000 jobs by 2035 on top of 4,400 already announced, bringing total planned... canonical: https://daily.dev/posts/porsche-is-cutting-another-5-000-jobs-total-layoffs-now-approach-9-400--5eiprrvqh twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Porsche is cutting another 5,000 jobs. Total layoffs now approach 9,400. | daily.dev og:description: Porsche has agreed to a second restructuring package, cutting an additional 5,000 jobs by 2035 on top of 4,400 already announced, bringing total planned... og:url: https://daily.dev/posts/porsche-is-cutting-another-5-000-jobs-total-layoffs-now-approach-9-400--5eiprrvqh og:image: https://api.daily.dev/og/posts/5eipRrvQH.png og:image:alt: Porsche is cutting another 5,000 jobs. Total layoffs now approach 9,400. og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Porsche is cutting another 5,000 jobs. Total layoffs now approach 9,400. **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary Porsche has agreed to a second restructuring package, cutting an additional 5,000 jobs by 2035 on top of 4,400 already announced, bringing total planned layoffs close to 9,400. The cuts follow a dramatic decline in China sales (down 26%) and an operating margin collapse to roughly 1%. In exchange, workers secured plant location guarantees extended to 2035 and €2.1 billion in factory investment at Zuffenhausen and Weissach. The crisis reflects a broader struggle by VW Group and foreign automakers in China's EV market, where domestic brands like BYD, NIO, and Xiaomi are undercutting legacy premium brands on price and technology. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Volkswagen plans 50,000 more job cuts, taking the total to 100,000](https://daily.dev/posts/volkswagen-plans-50-000-more-job-cuts-taking-the-total-to-100-000-xqo4ivdyj) · The Next Web · 0 upvotes · 0 comments - [Volkswagen reportedly plans 100,000 job cuts](https://daily.dev/posts/volkswagen-reportedly-plans-100-000-job-cuts-smsjfhd7e) · The Next Web · 0 upvotes · 0 comments - [BMW restructuring plan bets on AI and new models](https://daily.dev/posts/bmw-restructuring-plan-bets-on-ai-and-new-models-zd3kem6jw) · TechCentral · 0 upvotes · 0 comments - [Porsche shutters e-bike, battery, software subsidiaries as part of company overhaul](https://daily.dev/posts/porsche-shutters-e-bike-battery-software-subsidiaries-as-part-of-company-overhaul-xxlx5ulsr) · TechCrunch · 0 upvotes · 0 comments - [BMW cuts 8,000 jobs and hands its car compute to Qualcomm](https://daily.dev/posts/bmw-cuts-8-000-jobs-and-hands-its-car-compute-to-qualcomm-wmk3jkstj) · The Next Web · 0 upvotes · 0 comments --- Tags: [#automotive](https://daily.dev/tags/automotive) [View this post on daily.dev](https://daily.dev/posts/porsche-is-cutting-another-5-000-jobs-total-layoffs-now-approach-9-400--5eiprrvqh) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Porsche is cutting another 5,000 jobs. 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