Ford plans to lay off up to 8,000 workers, or about a quarter of its total workforce. What does it come from?
The Michigan-based auto giant wants to cut operating costs by $3 billion. by 2026 All this to get more funding for the development of electric vehicles.
The information that Ford plans to lay off up to 8,000 people was released in July this year. on the American Newsweek website.
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We now know that the company has sent an internal message to employees saying that it will cut about 3,000 jobs, mostly in North America and India. It is repositioning itself to better compete with Tesla in the race for market share in the electric vehicle sector.
In an email signed by CEO Jim Farley and Ford President Bill Ford, we read: “We’re eliminating jobs, and we’re reorganizing and streamlining jobs across the company. You’ll hear more from your leader later this week.”
Ford is focusing on electricity
Earlier this year, Jim Farley announced that the company has increased the use of electric vehicles and will continue to do so. By 2026, the average person will spend up to $50 billion. for the production and development of electricians. Ford wants to build two million electric cars a year, starting in 2026. This is largely to compete well with Tesla.
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Ford also acquired several companies to ensure it had enough assets and additional professionals. The company took, among others, the EV Electriphi startup to find modern solutions for charging cars, especially the F-150 Lighting Pro model.
By 2030, Ford wants to give more than $ 1 billion. revenue from the services and payment solutions themselves. The company wants to develop not only cars, but also the right infrastructure solutions for electricians.