Porsche Layoffs: German Automaker To Cut Over 500 Jobs and Shut Down 3 Subsidiaries

Porsche is cutting over 500 jobs and closing three subsidiaries - Cellforce Group, Porsche eBike Performance, and Cetitec - to refocus on its core automotive business. The restructuring follows cooling EV demand and market pressure in China. The move highlights a broader industry shift toward financial discipline and operational simplification.