Jaguar Land Rover will cut 4,000 jobs to reduce costs and compete with China

Jaguar Land Rover announced on Monday that it will eliminate approximately 4,000 jobs from its global workforce over the next two years. The reduction represents roughly 10% of the company's total employees and is intended to lower operational costs. The automaker stated that these measures are necessary to remain competitive against Chinese electric vehicle manufacturers. The announcement follows a period of financial decline for the company, which reported a loss of £244 million for the fiscal year ending in March, a significant shift from the £1.8 billion profit recorded in the 2024-2025 period.