Update: Porsche confirmed the additional layoffs in a press release issued today:'The package also includes the socially responsible reduction of a further 5,000 jobs by 2035. Elsewhere, Porsche stopped making the 718 models last October and won’t bring the Boxster and Cayman back until 2027 at the earliest. German business newspaper Automobilwoche, citing sources close to Zuffenhausen, reports that CEO Michael Leiters presented his future strategy to the supervisory board earlier this week, proposing roughly 5,000 additional layoffs. Photo by: PorscheThat would bring the total to around 9,000 job cuts. The additional job cuts at Porsche would come as parent company Volkswagen Group is reportedly looking to double its planned layoffs to around 100,000 jobs, according to an internal memo seen by Reuters.