Aston Martin cuts 20% of workforce as losses widen

Luxury car manufacturer Aston Martin is implementing significant workforce reductions, with approximately 20% of its global staff, roughly 600 employees, set to be laid off. The company attributes a portion of its financial difficulties and the need for these cuts to the impact of United States tariffs. This move comes as Aston Martin’s financial losses have widened, signaling a period of restructuring and cost-saving measures for the iconic British automaker. The specific reasons behind the increased financial strain are multifaceted, but the imposition of tariffs by the US is cited as a contributing factor to the challenging economic environment the company is navigating.