The UK's largest car manufacturer will cut thousands of jobs

 Jaguar Land Rover (JLR), the UK's largest automaker, will cut 4,000 jobs over the next two years amidst declining revenues driven by falling sales, Donald Trump's tariffs, and the impact of a cyberattack that halted production for several weeks last year.

According to reports by The Times, JLR announced a voluntary redundancy program on Saturday aimed at saving approximately £1.7 billion ($2.3 billion) over two years. 

The company, owned by the Indian conglomerate Tata Motors, also seeks to set its annual break-even point at 300,000 vehicles and streamline operations to adapt to global market conditions.

The luxury automaker's revenue fell nearly 10% in the last quarter, and net profit dropped 69% to £109 million ($147 million).