Ford Motor is laying off 7,000 salaried employees as part of CEO Jim Hacketts restructuring plan to reduce bureaucracy, cut costs and turn the automaker into a more agile company prepared for a future that extends beyond its traditional business of producing and selling cars and trucks.
The cuts represent about 10% of the automakers salaried employees. Some buyouts and layoffs have already occurred, according to an email sent to employees by Hackett. The contents of the email were initially reported by the WSJ. TechCrunch has since reviewed the email.
Some 1,500 employees opted for voluntary buyouts, which occurred in November 2018, according to a spokesperson. Ford expects to complete the restructuring efforts by August globally. …
Read the full article at: https://techcrunch.com/2019/05/20/ford-will-slash-7000-salaried-jobs-by-august/