Porsche cuts 1,900 jobs in Germany to cope with weak demand for electric vehicles

According to the latest reports, Porsche plans to lay off 1,900 employees in Germany due to weak demand in the electric vehicle market. The layoffs are mainly concentrated in Porsche's Zuffenhausen and Weissach factories in Stuttgart, with a layoff rate of 15%. Officials hope to implement the layoffs through early retirement, severance pay, etc., and it is expected to be completed before 2029.