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 announced the plan after reporting a pre-tax loss of £363.9m for 2025. Losses had already reached £289.1m the previous year. The company had reduced 170 roles at the start of 2025.
The group said it had to make further organisational changes to prepare for future plans. Chief executive Adrian Hallmark called the cuts an important step toward a leaner business. He said job reductions alone would not solve the company’s challenges.
Aston Martin blamed weak demand and higher US tariffs for the poor results. The company described 2025 as one of its most turbulent years. It also pointed to supply chain disruption and an unpredictable political environment.
Demand in China, a key market, remained extremely subdued. Economic weakness and new luxury car tariff rules reduced sales.
The carmaker has struggled since its 2019 stock market listing. It has faced repeated losses, production issues and excess dealer inventory. Investors had expected bad results after several profit warnings and the sale of its Formula One team naming rights.
Analysts said external pressures tell only part of the story. They warned that asset sales and job cuts cannot restore long-term growth on their own. Future success will depend on higher sales volumes and improved efficiency.
Aston Martin’s shares fell by 2% after the announcement.
