Germany’s once-mighty auto industry is crumbling, and now Porsche is swinging the axe again—this time cutting another 1,900 jobs over the next four years.
This comes after the luxury carmaker already booted 1,500 temporary workers in 2024 and let another 500 contracts expire. Turns out, that wasn’t enough to patch the holes in Germany’s self-inflicted economic disaster.
The job cuts will hit Porsche’s main sites in Stuttgart-Zuffenhausen and Weissach, with a 15% workforce reduction by 2029. And while the company insists it won’t impose forced layoffs under a deal that protects jobs until 2030, workers shouldn’t breathe easy—Porsche plans to thin the herd through “natural fluctuations” and a hiring freeze.
Porsche, which is majority-owned by Volkswagen, admits that the transition to electric vehicles has been a mess—with demand falling far short of expectations. Combine that with soaring energy costs, supply chain nightmares, and the economic wreckage caused by Germany’s anti-Russia sanctions, and you’ve got a company scrambling to stay afloat.
Meanwhile, Volkswagen is in full-blown crisis mode, desperately trying to fend off cheap Chinese EV competition while European consumers refuse to embrace the electric car agenda that Berlin keeps ramming down their throats.
Adding to the chaos, Porsche abruptly announced that it’s ditching CFO Lutz Meschke and Sales Director Detlev von Platen—two top executives who’ve been blamed for plummeting stock prices and poor company performance.
But let’s be real—the real culprit isn’t Porsche’s leadership. It’s Germany’s obsession with unrealistic green policies, mass migration draining public resources, and sanctions that have backfired spectacularly. Berlin’s establishment has waged war on its own industry, and now companies like Porsche are paying the price—along with thousands of German workers who are losing their livelihoods.
