Even China's Rich Are Out of Money! Porsche Sales Plunge 30%, 30% Layoffs Hit Hard
Even China's Rich Are Out of Money! Porsche Sales Plunge 30%, 30% Layoffs Hit Hard
Udumbara
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On December 17, the news of extensive layoffs at Porsche China went viral. Reports indicate that 10% of full-time staff and 30% of outsourced workers will be let go. Moreover, Porsche aims to shrink its dealership network in China from 154 to around 100 by 2026.
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