A spokesperson for Aston Martin said US tariffs had been “extremely disruptive” and demand had also been “extremely subdued” in China, the world’s biggest auto market.
It has also trimmed its five-year capital spending plan to £1.7bn from £2bn by delaying investment in electric vehicle technology.
Aston Martin said: “Having undertaken at the start of 2025 a process to make organisational adjustments to ensure the business was appropriately resourced for its future plans, we had to take the difficult decision at the end of 2025 to implement further changes.
“This latest programme will ultimately see the departure of up to 20% of our valued workforce.”
It is understood the majority of cuts will impact the UK, where the bulk of Aston Martin’s workers are based, with roles across the business being impacted, including factory staff.
The company also has a UK site in St Athan, south Wales, as well as worldwide offices and dealerships.