Ford to announce another round of layoffs, hitting salaried workers: report

FILE - A Ford sign is shown at a dealership in Springfield, Pa., Tuesday, April 26, 2022. Ford reports their earnings on Tuesday, May 2, 2023.(AP Photo/Matt Rourke)
FILE – A Ford sign is shown at a dealership in Springfield, Pa., Tuesday, April 26, 2022. Ford reports their earnings on Tuesday, May 2, 2023.(AP Photo/Matt Rourke)

Ford Motor Co. is preparing to conduct another round of layoffs in the coming weeks. 

Sources told the Wall Street Journal on Thursday that the round of layoffs is expected to hit salaried workers in the U.S. 

The cuts are expected to affect those who work in the company’s electric vehicle (EV) and software division, as well as employees who work in Ford’s gas-engine side of the business. 

This round of layoffs follows one from last August that cut about 3,000 white-collar and contract employees. Ford also announced earlier this year it was starting to cut 3,800 jobs in Europe, according to the Journal. 

In a statement, a Ford spokesperson told the Journal the recent moves are “part of the ongoing management of our business includes aligning our global staffing to meet future business plans, as well as staying cost competitive as our industry evolves.” 

The Hill has reached out to Ford for comment and more information.

Ford joins competitors including General Motors and Stellantis, the maker of Jeep, which also announced layoffs of their workforce earlier this year. 

The U.S-based automaker is shifting its focus to EV products, having committed to spending $50 billion globally through 2026 to go forward with its new approach. 

Ford also plans to restructure operations internally to separate its gas-engine business from that focused on electric vehicles and software, the Journal reported.

Tags Ford layoffs and firings

Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Regular the hill posts

Main Area Top ↴

More Technology News

See All
Main Area Bottom ↴

Top Stories

See All

Most Popular

Load more