Ford Motor is reportedly preparing for another round of layoffs, with the announcement expected to come as early as next week. According to the Wall Street Journal, the layoffs will primarily affect U.S. salaried workers as the automaker continues its efforts to streamline operations and reduce costs.
The exact number of workers involved in the layoffs has not been determined yet. However, it is reported that the cuts will impact Ford’s gas-engine side of the business, as well as its electric-vehicle and software division.
This is not the first time Ford has implemented layoffs. In August 2022, the company laid off approximately 3,000 white-collar and contract employees. Additionally, earlier this year, Ford announced a reduction of 3,800 positions in its European workforce.
The news of the upcoming layoffs comes as Ford is ramping up production of its electric F-150 Lightning. The automaker is making significant investments in electric vehicles as it aims to compete in the growing EV market.
FOX Business reached out to Ford for comment but did not receive a response at the time of publication.
How does Ford’s focus on electric vehicles align with the company’s goal to streamline operations and cut costs through layoffs
Get ready for more changes at Ford Motor, as the automaker gears up for another round of layoffs. According to reports from the Wall Street Journal, Ford is set to announce the layoffs as early as next week, with a focus on salaried workers in the United States. The goal is to streamline operations and cut costs, which means no one is safe from potential job cuts.
While the exact number of workers affected is still unknown, it’s expected that the reductions will impact various areas of Ford’s business. Both the gas-engine side and the electric-vehicle and software division are said to be affected. This indicates that the company is not only looking to make changes within its traditional operations, but also investing in its future in electric vehicles.
This isn’t the first time Ford has resorted to layoffs. Back in August of last year, the company let go of around 3,000 white-collar and contract employees. Earlier this year, Ford also announced a reduction of 3,800 positions in its European workforce. These moves highlight the automaker’s ongoing efforts to make adjustments and remain competitive in an ever-evolving market.
Interestingly, the news of the looming layoffs comes at a time when Ford is ramping up its production of the highly anticipated electric F-150 Lightning. The company is heavily investing in electric vehicles, recognizing the growing demand and importance of this sector. By making these strategic changes and reallocating resources, Ford hopes to stay relevant in the rapidly expanding electric vehicle market.
FOX Business reached out to Ford for comment but has yet to receive a response. Stay tuned for further updates on this developing story.
It’s disheartening to hear of the impending layoffs at Ford Motor. The tolls of the pandemic continue to take a heavy toll on businesses and their employees. Sending well wishes to those affected and hoping for a prompt recovery for all.