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InsideEVs
InsideEVs
Mack Hogan

Things Are Getting Really, Really Bad At Porsche. That's Not Good For EV Fans

Porsche China
  • Porsche now plans to trim roughly 9,000 jobs through 2035, representing over 21% of its workforce.
  • The company has struggled with a collapsing business in China and a difficult transition to EVs.
  • It's a bummer for EV fans, as the cost crunch makes Porsche less likely to embark on moonshot EV programs.

Things are not going well for Porsche. As the company faces a tough market in China and a tumultuous pivot to EVs, it's bleeding cash. To stem the flow, the company announced yet another round of job reductions on Monday, now affecting a total of 9,000 jobs through 2035.

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