Aston Martin Cuts 20% of Workforce

Aston Martin will cut 20% of its roughly 3,000 employees, saving about £40 million ($54 million), Reuters reported on 25 February 2026. The automaker trimmed its five-year capex plan to £1.7 billion from £2 billion and delayed EV investments, citing US tariffs and weak China demand. The company expects further cash outflows in 2026 while forecasting material financial improvement; shares rose in London.