Pat dry the pork chops with paper towels. Season both sides generously with salt and black pepper.
Turn on the Instant Pot and select the "Sauté" function. Add the olive oil and let it heat up.
Carefully place the seasoned pork chops in the hot Instant Pot and sear for 2-3 minutes per side, until browned.
Remove the pork chops from the Instant Pot and set aside. Deglaze the pot by pouring in the chicken broth and scraping up any browned bits from the bottom.
Return the pork chops to the Instant Pot. Add the Worcestershire sauce, garlic powder, and dried thyme.
Secure the lid and set the valve to "Sealing." Select the "Manual" or "Pressure Cook" setting and cook on high pressure for 10 minutes.
Once the cooking cycle is complete, allow for a natural pressure release for 5 minutes, then carefully perform a quick release of any remaining pressure.
Carefully remove the pork chops from the Instant Pot and serve immediately.
Notes
Serve with your favorite sides like mashed potatoes, rice, or a fresh salad.