Key facts
- Porsche CEO Michael Leiters aims to finalize a new cost-cutting package by July.
- The company plans to axe 1,900 jobs in the coming years.
- Porsche intends to lower production capacities.
- Closer cooperation with sister company Audi is planned.
- The entry-level 718 series will continue.
- Profit eroded in the first quarter of 2026.
Porsche CEO Michael Leiters is targeting July to finalize a new cost-cutting package, seeking an agreement with employees before the company's factory holidays. According to an interview with Frankfurter Allgemeine Sonntagszeitung, Leiters emphasized the need for clarity for Porsche employees.
The sports car manufacturer has previously announced plans to eliminate 1,900 jobs in the coming years, following the dismissal of 2,000 temporary workers last year. Leiters indicated that Porsche intends to operate with lower production capacities than the approximately 280,000 cars sold in the previous year, stating the company must "make money with fewer cars."
Further plans include closer cooperation with its sister company, Audi. The entry-level 718 series is set to continue. Porsche experienced a further erosion of profit in the first quarter of 2026, grappling with challenges such as tariffs, geopolitical instability, and gaps in its model lineup.