On June 26, Ford announced it would carry out layoffs, primarily affecting engineering jobs in the U.S. and Canada, as the carmaker aims to cut costs while restructuring its business operations.
All three of Ford’s business units, Ford Blue, Model E, and Ford Pro, are expected to be impacted by the job cuts.
The automaker stated in its most recent quarterly report from May that it anticipated total expenses in 2023 to range between $1.5 billion to $2 billion, “mainly attributable to employee separations and supplier settlements.”
Under the direction of Jim Farley and the Ford+ strategy, Ford has been reorganizing its operations for several years. In August, the automaker laid off 3,000 employees in the U.S. and, more recently, 3,800 employees in Europe.
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