Aston Martin will cut up to 20% of its workforce as it tries to save about £40m. The move could affect roughly 500 employees.
The luxury carmaker confirmed the plan after reporting pre-tax losses of £363.9m for 2025. Losses stood at £289.1m the previous year. The company had already eliminated 170 roles at the start of 2024.
The group said it must reshape the business to match future plans. It described the decision as difficult but necessary.
Chief executive Adrian Hallmark said job cuts alone will not fix the company. He called them an important step toward a leaner and more efficient structure.
Aston Martin has faced a series of setbacks since its 2019 stock market listing. Its shares have lost most of their value. The company has struggled with weak sales, dealer inventory problems and production delays.
US trade tariffs added fresh pressure in 2025. The carmaker said the policy environment and supply chain disruption reduced volumes and margins. Demand in China also remained extremely subdued after economic weakness and tariff changes.
The company recently issued its fifth profit warning since September 2024. It also sold the permanent naming rights to its Formula One team to raise cash.
Analysts said external factors do not explain the full picture. Aarin Chiekrie of Hargreaves Lansdown pointed to internal challenges and falling sales. He warned that deep job cuts could make it harder to increase production in future.
Aston Martin shares fell 2% on Wednesday.
