Job Cuts: Big Announcement… Now this company has announced that it will lay off 3,000 employees.
The legendary American company Ford Motor announced that it will eliminate 3,000 jobs in the US and Canada. Ford is cutting jobs as part of a major restructuring. It has been said that the company is focusing its attention on electric vehicles. Employees of all ranks of the company will be affected by this deduction.
The company said it would begin the layoffs this week, affecting most engineering jobs in the US and Canada. The company said in May that it expected to take restructuring charges of between $1.5 billion and $2 billion in 2023.
Preparing for a new round of layoffs
According to a CNBC report, the job cuts are expected to affect all three business units of Ford, Ford Blue, Model E and Ford Pro. The Wall Street Journal reported last week that the automaker is preparing a new round of layoffs for its salaried employees in the US.
Last year, Ford’s workforce dropped by about 10,000 to 173,000 globally, according to a separate public filing. Ford is not the only automaker to reduce its workforce. Reorganizing.
