Jaguar Land Rover (JLR) announced on Monday that it will cut approximately 4,000 jobs globally over the next two years as part of a plan to simplify its organisation and generate £1.7 billion (€2 billion) in savings. The company, which employs around 43,000 people worldwide, said the voluntary redundancy programme will focus on salaried and management roles rather than direct manufacturing jobs. CEO PB Balaji stated that the automotive industry faces significant challenges, including technological change, intense competition, and ongoing geopolitical uncertainty.