Ford making job cuts, in ICE units

[jboy210]

Ford CEO, Jim Farley, is looking to save $3 Billion via job cuts to mostly their legacy ICE business unit. Meanwhile they are planning to spend $50B on the EV business.

 

[Brando]

Ford CEO, Jim Farley, is looking to save $3 Billion via job cuts to mostly their legacy ICE business unit. Meanwhile they are planning to spend $50B on the EV business.

Cutting/firing experienced employees is always a good move, right? /s

 

[jboy210]

Cutting/firing experienced employees is always a good move, right? /s

I think it depends on what they are experienced in. If it is working or creating IC engines and associated subsystem (exhaust, transmissions, cooling, etc.) or selling to traditional dealership models, then perhaps they don't need as many.

 

[Brando]

I think it depends on what they are experienced in. If it is working or creating IC engines and associated subsystem (exhaust, transmissions, cooling, etc.) or selling to traditional dealership models, then perhaps they don't need as many.

training - newbies or experienced workers

 

[alexgr]

I think Ford still needs to solve a few "minor" EV issues like profitability, glass roof flying off, cars stranded in the middle of nowhere, broken battery contactors, etc.

 

[jboy210]

training - newbies or experienced workers

Experience in what? If you are a wizard at making ICE intake, multi-speed automatic transmission, and exhaust system that is great. But a decreasing need as Ford's moves to an EV first strategy. However, if you are wiz at working with microcontroller based electronic control system based on ML models, then your job is solid.

 

[thesmokingman]

Cutting/firing experienced employees is always a good move, right? /s

And they are building their EVs in Mexico. It's just bizarre the choices they are making.