Porsche China lays off 10% of its employees, official responds to false rumors

According to multiple media reports, luxury car brand Porsche is laying off employees in China, including regular employees and outsourced employees. The layoffs are 10% for regular employees and 30% for outsourced employees. Compensation may be implemented according to the N+6 standard. Porsche China officials responded that the rumors on the Internet that "Porsche plans to lay off 30% of employees in China and the compensation standard" are not true. Porsche China said that in the face of a complex market environment, they have optimized and reorganized their internal organizational structure in order to maintain lasting development in the rapid transformation of the industry. Against this background, Porsche China is continuously improving the efficiency of various departments and projects and optimizing costs.