Jaguar Land Rover to layoff thousands of jobs in $2.3 billion cost-saving overhaul

Jaguar Land Rover announced plans to reduce its workforce as part of a cost-saving initiative targeting £1.7 billion ($2.3 billion) in savings. The company attributed the overhaul to competition from Chinese manufacturers, a recent cyberattack, and U.S. tariffs. The specific number of job cuts was not disclosed in the announcement.

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