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Porsche CEO Denies Plans for More Job Cuts

Porsche CEO Michael Leiters told employees in an internal memo that the brand has no plans to eliminate an additional 4000 jobs. The response followed a media report suggesting further layoffs at the Volkswagen subsidiary.

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A Porsche logo is displayed during the New York International Auto Show in New York City, U.S., April 1, 2026. REUTERS/Jeenah Moon

Porsche CEO Michael Leiters told staff on Monday morning that the sports car maker has no plans to eliminate 4,000 additional jobs. The reassurance comes in an internal memo circulated across operations in Germany.
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