Overview

• MHP will offer voluntary severance packages to several hundred employees following a three-digit-job cut announced at an All-Hands meeting on July 1.
• The consultancy has faced months of intensified performance demands, highlighted by a spring 'Call to Action' from COO Markus Wambach.
• Porsche completed its full takeover of MHP in 2024 at an implied €1.4 billion valuation and is now evaluating a partial or full sale to bolster its balance sheet.
• At the end of 2024, MHP employed around 4,800 people worldwide, including approximately 3,600 staff in Germany, according to Lünendonk data.
• The planned cuts form part of Porsche AG’s broader strategy to eliminate up to 3,900 positions by 2029 to offset cost overruns and slowing automotive demand.