Stuttgart, Germany – Porsche is set to lay off more than 500 employees as it restructures parts of its business tied to electric vehicle and e-mobility ventures, according to layoff reports released this week.
According to the report, the job cuts are tied to the shutdown or scaling back of three subsidiaries connected to EV and e-bike operations. The largest impact comes from Porsche’s eBike Performance division, where approximately 350 jobs are expected to be eliminated.
Additional layoffs include about 90 positions at Cetitec, a technology firm operating in Germany and Croatia, and roughly 50 roles at Cellforce, the company’s battery development unit.
The restructuring comes as Porsche shifts its strategic focus back toward its core sports car business amid softer-than-expected demand in certain electric vehicle segments.
Industry analysts note that while EV adoption continues globally, some automakers are adjusting timelines and investments due to market pressures, high development costs, and changing consumer demand.
Porsche has not announced exact timelines for all layoffs but indicated the changes are part of a broader realignment of resources.
The move reflects a wider trend across the automotive industry, with several manufacturers reevaluating their electric vehicle strategies heading into the latter half of the decade.
