Aston Martin Cuts 20% of Workforce Amid Profit Slide and Weak Demand in U.S. and China

Aston Martin has announced a second round of major layoffs, cutting an additional 20% of its workforce, following an initial reduction of 170 employees earlier last year. The move comes amid lower-than-expected annual profits, weak global demand, and mounting tariff pressures. The company stated that the U.S. quota-based tariffs are "highly disruptive," while demand in its key market, China, has been "unusually weak," significantly dragging down performance. Despite multiple capital injections, Aston Martin continues to face tight cash flow and debt amounting to £1.38 billion (approximately RMB 12.8 billion). The company expects net cash outflows to persist through 2026 but anticipates a gradual improvement in its financial position thereafter.