Ford will be cutting around 3,000 jobs globally, according to an internal company email, with the move coming amid long-running speculation that the automaking giant was looking to reduce headcount as it seeks to address its “uncompetitive” cost structure as inflation has soared.
Top executives at Ford announced the layoffs in an Aug. 22 letter to staff, which was viewed by The Epoch Times.
“Overall, we are reducing our salaried workforce by about 2,000, as well as reducing agency personnel by about 1,000,” Ford CEO Jim Farley and Executive Chair Bill Ford wrote in the joint email.
The cuts apply to staff in the United States, Canada, and India….