Ford will lay off more employees to streamline costs, including salaried staff, according to news reports.
The news follows Ford white-collar layoffs announced in February to address a $2 billion net profit loss last year.
Ford Targets More Worker Cuts
Plans employee layoffs as it cuts contract positions, all to save costs.
June 26, 2023
The latest layoffs are expected to start in upcoming weeks.
IMAGE: Ford
1 min to read
This time, Ford is largely targeting U.S. salaried employees, though the Detroit Free Press reports that it already cut contract workers on Friday as it moves toward the employee layoffs.
Specific layoff numbers haven’t been reported.
Legacy carmakers ae working to streamline operations as they ramp up electric-vehicle production in a transition away from internal combustion engines by next decade.
Ford told investors in March that it expects to lose $3 billion on its EV business this year but predicted the business will move into profit by the end of 2026.
The latest layoffs, expected to start in upcoming weeks, also follow a round Ford conducted in August of several thousand contract and staff positions.
Originally posted on Auto Dealer Today
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