Porsche could reportedly cut 4,100 jobs amid a profit warning. This comes amid Volkswagen’s larger plan to lay off 50,000 employees by 2030.

 

Reuters quoted German outlet Handelsblatt, which stated that internal documents outlining Volkswagen’s newly approved restructuring plan, described as the largest restructuring yet in the German automaker’s history, reportedly call for cutting roughly 4,100 jobs at Porsche.