Ford will reportedly slash a quarter of its workforce to fuel EV expansion
by Andrew J. Hawkins from The Verge - All Posts on (#61PZE)
Illustration by Alex Castro / The Verge Ford is eyeing major cuts to its workforce in the midst of a shift to electric vehicles. According to a recent report in Bloomberg, the Blue Oval is gearing up to lay off 8,000 salaried workers - about a quarter of its workforce in the US - as it aims to reduce $3 billion in operational costs by 2026.
The cuts will be coming from Ford Blue, the company's legacy internal combustion engine business. Earlier this year, Ford split itself into two entities, with Ford Blue covering ICE vehicles and Ford Model E focused on electric vehicles and software projects. At the time, Ford said that Ford Blue would generate the revenue that would help power Ford Model E to develop new and innovative products.
Ford Blue will have to generate those...