Thread regarding Ford layoffs

The worst is yet to come

Back during the 2000's the magical number for NA salaried headcount the company wanted was between 17-20k. Now with EV and offshoring you can expect that to drop even lower. This is not over. they staff south of the border but continue to cut here in NA. I see people making comments about getting rid of the older folks. Well, those older folks don't make the bad decisions. That would be management.
It is also very sad to see a coworker or someone you know get walked out. Those who praise that are mental and sick in the head. Expect cuts to continue util we are well below 10k. The worst is yet to come with this chip shortage and with China shutdown expect more plant shutdowns. remember Kumar has this 60-day plan to reveal the end of this month or early June.

Bumped from @1cgh+1gyvottd.

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Post ID: @OP+1gGECYrV

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This is going to get worse because management is screwing the pooch. Firing good employees means the majority of the good employees left will also leave. That leaves you with the junk employees. When things don't get done and got try to hire, no one will want to work there. The company is headed for failure. Only a fool would think "hey, our quality is in the toilet, let's get rid of our best employees to save money!". This will not end well.

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Post ID: @4fme+1gGECYrV

With the stock price down and the recent downgrade by Wells Fargo things are worse than what senior management are painting. Have an exit plan ready.

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Post ID: @4vbh+1gGECYrV

Ford stock hasn't done declining. Imagine a price tag of $5 or lower. I now it as certainty. If I have to explain this to you, I need to charge you for stock charting expertise.

The claim is plausible.

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Post ID: @1vem+1gGECYrV

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