Ford cuts 3,000 Payroll and Contract Jobs

Share post:

Ford Motor has announced plans to cut 3,000 payroll and contract jobs, mainly in North America and India, as the company moves to develop software-driven electric vehicles.

Ford’s workforce primarily supports a traditional range of combustion technology products. According to Ford CEO Jim Farley, not enough Ford employees have the skills needed as the company switches to electric vehicles and digital services.

“We are eliminating work, as well as reorganizing and simplifying functions throughout the business. You will hear more specifics from the leaders of your area of the business later this week,” Farley and Ford Chairman Bill Ford wrote in a joint email.

In the email to employees, Farley and Ford claimed the company’s cost structure “is uncompetitive versus traditional and new competitors.”

While the company has begun to separate its business into the electric, combustion and commercial vehicle operations, Farley hinted at “cost reduction will happen” in the combustion operations. However, the company stated on Monday that the staff cuts would affect all parts of the business.

The sources for this piece include an article in Reuters.


Related articles

Tesla threatens customer with $50,000 fine if he tries to sell his Cybertruck that does fit his parking spot

The Tesla Cybertruck, known for its unique design and massive size, is attracting buyers who don’t typically drive...

Tesla intensifies layoffs, including key executives and Supercharger team

Tesla is continuing its aggressive cost-cutting measures with a new round of layoffs that not only affect senior...

Car wash turns Cybertruck into the world’s most expensive brick

The Cybertruck, Tesla's revolutionary electric vehicle, touted for its innovative design and robust features, faced an unexpected challenge:...

Apple pulls the plug on autonomous electric vehicle

Apple has decided to cancel its electric car project, a venture it had been exploring for over a...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways