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Ford Prepares New Round of Layoffs for U.S. Salaried Workers – WSJ

Automaker looks to cut costs as it spends heavily on shift to EVs
In August, #Ford laid off about 3,000 white-collar and contract employees.

$F 14.19 +0.01 (+0.04%) After hours

Ford Motor is preparing to initiate another round of layoffs in the coming weeks, according to people familiar with the matter, the latest in a broader effort by the automaker to streamline operations and reduce costs.

The layoffs, expected to mostly include U.S. salaried workers, would be one of several that Ford has initiated in less than a year and could be announced as early as next week, some of the people said.

The number of people Ford plans to lay off in this latest round couldn’t be learned. The cuts are expected to affect employees on Ford’s gas-engine side of the business, as well as its electric-vehicle and software division, the people said.

A Ford spokesman said the company has nothing to announce.

“As we have said, 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,” he added, in a statement.

Ford Chief Executive Jim Farley has said the automaker has more work to do than its competitors to get costs in line as it spends billions of dollars to transition its lineup to electric vehicles.