Jaguar Land Rover to cut around 4,000 jobs globally over next 2 years: CEO
Jaguar Land Rover (JLR) plans to cut approximately 4,000 jobs globally over the next two years as part of a cost-saving initiative led by CEO PB Balaji. The company aims to save £1.7 billion and improve competitiveness while preparing to launch five new products.
Why it matters
The restructuring reflects the broader financial pressures and market challenges facing traditional luxury automotive manufacturers in a shifting global economy.
Jaguar Land Rover will reduce its global workforce by around 4,000 roles over the next two years, news agency Reuters reported citing CEO PB Balaji. The planned cuts come as a part of broader plan to reduce costs and improve competitiveness.The luxury carmaker is targeting £1.7 billion ($2.30 billion) in savings and plans to launch five new products over the next 12 months as it seeks to strengthen its business and improve efficiency.Balaji, who previously served as Tata Motors’ finance chief, took charge of the luxury carmaker last year as it faced growing financial pressures.The company’s revenue fell by nearly 10% in the quarter ended June 2026, increasing pressure on Balaji to deliver cost savings across JLR’s luxury brands while navigating a challenging global market.The…
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