Aston Martin layoffs: British automaker to cut 20% of total workforce; aims to recover from US tariff impact — Details
According to the news agency, UK-based luxury car manufacturer Aston Martin is preparing to lay off 20% of the company’s total workforce as it aims to recover from the impact of US tariffs imposed by President Donald Trump due to weak demand in the Chinese market. ReutersOn Wednesday, February 25, 2026.
The British automaker said the 20% layoffs would affect the company’s total workforce of about 3,000 employees and save about $54 million, or 40 million British pounds. These layoffs reportedly include a 5% workforce reduction announced for 2025.
According to the agency’s report, Aston Martin did not set a specific timeline for when the layoffs would be implemented. But they said the company plans to make most of the savings this year.
Aston Martin’s spending plan
Aston Martin has also cut its next five-year capital expenditure (capex) plan to £1.7bn, compared to its previous forecast of £2bn.
The reduction in the capex plan is due to the automaker’s postponement of investment in electric vehicle technology.
Aston Martin, a car brand that gained great popularity over time from the James Bond film series, is struggling to generate cash and manage its £1.28 billion debt despite capital support from Canadian billionaire and firm chairman Lawrence Stroll.
Aston said US tariffs were “extremely disruptive” and “extremely weak” demand in the Chinese market was putting pressure on the British carmaker, according to the agency’s report.
Sharing a forward-looking perspective, the company said it expects more cash outflows in 2026 but also foresees a “material improvement” in the automaker’s financial performance.
Aston Martin shares on the rise
Aston Martin’s stock price opened at 59.75 British pence in Wednesday’s London stock market session, up 5.01% from 56.90 British pence at the previous market close, according to MarketWatch data.
London Stock Exchange (LSE) data showed that the company’s shares have lost more than 92 percent in value in the last five years and have fallen by more than 47 percent in the last year.
On a year-to-date (YTD) basis, Aston Martin shares have lost 10.6% so far in 2026 and have traded 3.6% lower in the last five market sessions, according to LSE data.
Aston Martin Lagonda Global Holdings Plc shares reached a 52-week high of 116.50 British pence, while its 52-week low was 56 British pence. The company’s market value stands at 576.09 million pounds as of Wednesday’s trading session.
