Porsche is preparing a large-scale restructuring program that includes cutting 5,000 to 6,000 jobs by 2035. These new cuts will supplement the previously announced layoff of 3,900 employees, which was approved under the previous company head, Oliver Blume. Details of the new program are expected to be presented to employee representatives next week.

Porsche is currently headed by Michael Leiters, who previously served as CEO of McLaren. He replaced Oliver Blume, who simultaneously led both Porsche and the entire Volkswagen Group.

Despite its status as one of the most profitable brands within the Volkswagen Group due to high-margin models, Porsche has faced a significant deterioration in financial performance. Last year, the company's operating profit decreased by 93%.

The main reasons cited include additional costs associated with international tariffs, declining sales in the Chinese market, and excessively large investments in the development of electric models.

Michael Leiters previously stated that Porsche intends to focus on the most profitable cars, primarily the 911 family, while simplifying its model range. The company does not plan to increase production volumes, instead concentrating on improving business efficiency.

Initially, the company planned to release the next generation of Boxster and Cayman exclusively as electric vehicles, but later abandoned this idea. Similar changes affected the K1 project. While it was previously assumed that the model would be fully electric and built on the Volkswagen Group's Scalable Systems Platform (SSP), the crossover will now be transferred to the Premium Platform Combustion (PPC) architecture.