Change to EVs Means Shift in Auto Company Jobs

Published by
The Street

By Rob Lenihan Ford’s reported plan to cut thousands of jobs from its internal combustion division has some analysts expecting other automakers to follow suit. James Farley says change is coming. The Ford (F) – Get Ford Motor Company Report CEO acknowledged during the automaker’s second-quarter earnings call that “we absolutely have too many people in certain places, no doubt about it.” Ford recently reported stronger-than-expected earnings in its latest quarter. At the same time, it is preparing to lay off 8,000 salaried employees, or almost a quarter of its U.S. workforce, in order to cut $3…

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