I am surprised how many people I know took the buyout this year. two LL6' and six GSR8's. All of them hired in the wave in the early 90's. I'll bet the average age of the group dropped 5 years.
As for additional layoffs, firings, downsizing, restructuring...., use what ever term you like, of course they will continue. As Ford (all car companies) increases production of PHEV, HEV and BEV vehicles, complexity decreases, technology becomes relatively common and the need for engineers, support and production workers will decrease. Looking forward, when AV comes on line the employment levels in the auto companies will decrease even more. If I was in my 30's and 40's I wouldn't anticipate retiring from an automaker and try to plan accordingly.