Victrex, a manufacturer based in the UK, is planning to cut its workforce by about 10% after reporting a sharp deterioration in financial performance. The company says it will axe a further 10th of jobs in the third quarter of 2026, attributing the decision primarily to the need to respond to losses. According to reporting, Victrex records a pre-tax loss of £44 million for the six months to March, a move that indicates a significant shift from prior results and prompts restructuring action. The job reductions are expected to focus mainly on central operations rather than customer-facing positions, according to available details. The company’s plan is described as part of a broader effort to reduce costs and adjust operations in response to the reported loss figure. The announcements relate specifically to the 2026 period and the targeted portion of employment within the business, rather than an immediate round of cuts. No alternative job measures or timelines beyond the third quarter of 2026 are described in the provided accounts.