[ad_1]
Ford earlier this year separated its business into two divisions to focus on gasoline and battery-powered vehicles. Executives at the time did not rule out job cuts.
“There’s going to have to be a change in the skill mix,” Kumar Galhotra, president of the Ford Blue division, told investors in March. “We will reduce skills in certain areas, and we’ll have to invest more in other areas. So, nothing’s off the table and we’re going to work with our employees with all our partners to do this in a very integrated way.”
CEO Jim Farley has said Ford needs different talent as it looks to be a leader in the connected and electric vehicle space.
The job cuts came the same day Ford reported a first-quarter net loss of $3.1 billion.
Source link