Layoffs News: Sports carmaker Porsche to cut 1,900 jobs. Here’s why
Amidst high manufacturing costs at home, weak demand, fierce competition and a sluggish shift to EVs, sports car manufacturer Porsche said Thursday it will axe 1,900 jobs, reported AFP. Porsche stated that the cuts will be made in the coming years in Germany, at the luxury brand’s Stuttgart headquarters and the firm’s nearby research centre….