Aston Martin will cut up to 20% of its workforce as it tries to save about £40m. The move could affect around 500 employees.
The luxury carmaker had already removed 170 roles at the start of 2025. It said the new reductions are part of a wider restructuring plan. The company wants a leaner organisation for future growth.
The announcement came with its latest financial results. Pre-tax losses widened to £363.9m in 2025, up from £289.1m the previous year. Weak demand and higher US tariffs hit trading.
Chief executive Adrian Hallmark said the cuts form only one part of the recovery plan. He described the process as necessary to improve efficiency.
Aston Martin, based in Gaydon with a factory in St Athan, has struggled since its 2019 stock market debut. It has faced repeated losses, production issues and excess dealer stock. Its shares have lost most of their value.
The company said US trade tariffs created a volatile environment and damaged margins and volumes. It also blamed very weak demand in China after economic slowdown and changes to luxury car tariffs.
Analysts said external pressures do not explain the full problem. They pointed to internal challenges and falling sales. They warned that large job cuts could make it harder to increase production later.
Aston Martin shares fell 2% after the update.
