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The Tata Motors-owned automaker cited Chinese EV competition, a cyberattack, and U.S. tariffs as it targets £1.7 billion in savings over two years
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Jaguar Land Rover announced Monday that it plans to shed 4,000 positions — approximately one in ten of its employees worldwide — with a goal of achieving £1.7 billion ($2.3 billion) in savings across the next two years. Tata Motors' British subsidiary pointed to price pressure from Chinese EV makers, the weight of U.S. tariffs, and disruption caused by a cyberattack as forces straining its bottom line.
Chief executive PB Balaji said the cuts are part of a broader transformation of the automaker. "The automotive industry faces significant challenges, with technological change amidst intense competition and ongoing geopolitical uncertainty," Balaji said in a statement. "As part of this transformation, we will reduce our global workforce by around 4,000 roles over the next two years. We recognise this will be difficult news for colleagues affected, and are committed to supporting everyone with care, fairness and respect."
