Jaguar Land Rover to cut 4,000 jobs over two years in major cost-saving drive

General view of Land Rover cars outside the Jaguar Land Rover factory on April 7, 2025 in Halewood, England.Richard Martin-roberts | Getty Images News | Getty ImagesBritain's Jaguar Land Rover (JLR) has said it will cut 4,000 jobs — around 10% of its global workforce — as the luxury car manufacturer responds to intense competition from cheaper Chinese rivals, a cyberattack and U.S. President Donald Trump's tariffs.The company, which is owned by India's automotive manufacturer Tata Motors, said it is targeting roughly £1.7 billion ($2.3 billion) of savings over the next two years, while reducing break-evens to 300,000 vehicles.CEO PB Balaji said the manufacturer would also launch five new products over the next 12 months. "The automotive industry faces significant challenges, with technological change amidst intense competition and ongoing geo-political uncertainty," Balaji said in a statement. "As part of this transformation, we will reduce our global workforce by around 4,000 roles over the next two years. We recognise this will be difficult news for colleagues affected, and are committed to supporting everyone with care, fairness and respect," he added.Shares of Tata Motors trade...