Ford is laying off 3,000 employees

Ford is laying off around 3,000 employees and contract workers, with the cuts mainly affecting employees in the US, Canada and India. wall street journal Report. Chairman Bill Ford and CEO Jim Farley sent a memo to employees on Monday notifying them of the layoffs, with affected workers this weekend.

According to CNBC, Ford and Farley said in the memo, “Building this future requires transforming and changing almost all aspects of the way we have worked for more than a century.” “It requires focus, clarity and speed. And, as we’ve discussed in recent months, this means redeploying resources and addressing our cost structure, which is uncompetitive compared to traditional and new competitors.

It’s not clear how the cuts could be spread across Ford Blue, which manages its internal combustion engine (ICE) vehicles, and Ford Model E, which manages its electric vehicles (EVs). A Ford spokesperson did not immediately respond to a request for comment.

Reports in July indicated that Ford was planning to lay off employees. those days, bloomberg reported that the company is getting ready to cut 8,000 employees and that Ford Blue will be affected.

Ford made the Ford Blue and Ford Model E earlier this year; The company said in its announcement of the divisions that it would continue to build out its ICE vehicle portfolio with Ford Blue to “promote growth and profitability”, while the Ford Model E was “largely successful in the innovation and delivery of breakthrough electric vehicles”. Will speed up.”

Ford isn’t the only automotive company to lay off employees in recent weeks. Rivian laid off 6 percent of its workforce, Ford-backed startup Argo AI laid off about 150 employees, and Tesla laid off employees who helped train its Autopilot AI system.

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