Jaguar Land Rover trims workforce by 4,000

Jaguar Land Rover has announced plans to cut 4,000 jobs globally to reduce costs and compete with Chinese electric carmakers. The company aims to achieve $2.3 billion in savings over the next two years. Chief Executive PB Balaji stated the automotive industry faces challenges with technological changes and geopolitical uncertainty. The savings will support investments in electrification and digital technologies. Jaguar Land Rover, owned by Tata Motors, faces intense competition from cheaper Chinese EVs and the impact of U.S. tariffs. Most job cuts are expected in the U.K., where the company employs around 34,000 people.