Thread regarding Ford layoffs

Layoffs Discussion

We are discussing many things here but we seem to be forgetting layoffs.

Does anyone have some info or rumors on potential layoffs?

Who might be affected? When? Why?

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Post ID: @OP+1hognDyR

19 replies (most recent on top)

We were told June 16. Now October. The fact is no one on this board has a clue. It could be this week. So stop throwing out rumors.

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Post ID: @3wlp+1hognDyR

If the October month is when the layoffs happen and if I get hit, I am kind of screwed. I am 52 and my 3 year anniversary will be December 2022 so if I do get laid off, I don't get the company match 401K.

Super stressful and p@ssed..

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Post ID: @3fpe+1hognDyR

As an SRD victim I learned it all comes down to reducing costs and 10% is standard protocal for reductions. So.... (A) if you're close to 50+ yrs, (B) if you're retirement milestone is coming up, (C) if you've recently handled serious health issues - you already have an invisible bullseye on your back. So it might be wise to start checking out other employment opportunities.

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Post ID: @3qvo+1hognDyR

@2twj+1hognDyR "Honestly to an individual does it really matter what the number is?"

Yes. We know where we stand individually in our teams. If I am the sixth greater contributor to my team of 8 peers, a 30% reduction would means I am out, while a 10% means I am probably safe. I agree that after 2019, the layoffs are not based on performance anymore, so anybody can be let go.

Also, deeper cuts, means more workload on the ones that stay, and more chances our friends and friendly coworkers, which we depend on to deliver a good job, will be gone too, which makes accomplishing anything harder.

I believe I am not at risk on this wave, and maybe I can ride the next one as well. Who knows? Currently, I am not planning on finding another job due to some family matters, but I am expecting that after these clear out, I'll be moving on to another company.

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Post ID: @2lki+1hognDyR

+30% reduction in lump sum pension payout coming after this year due to increasing interest rates.

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Post ID: @2spi+1hognDyR

Honestly to an individual does it really matter what the number is?
Each individual should make an honest assessment of their position, answering
1-Am I truly and concretely contributing to Fords bottom line?
2-Am I learning and growing my marketable skills?
3-Do I enjoy work and feel appreciated?

If the answer to 1 is No, find another job as you have become irrelevant and you have stress of always wondering when you will be chopped.
If the answer to 2 is No, find another job before you become irrelevant
If the answer to 3 is No, find another job before your health suffers. A large percentage of Ford employees have health issues and do not get to enjoy retirement (heart attacks, diabetes, alcoholism, unhealthy addictions, depression, diet related cancers)

If an individual is he-l bent on being a Ford lifer then expect a short unhealthy life with calloused knees and lips. And remember don’t whine and complain about your lot, you chose it.

As for Ford’s viability, when you hear the popping sound emanating from Ann Arbor, you will know the family has pulled Bills head out and given him a good shake, a signal that things are about to change. For whatever reason Ford needs to hit rock bottom before it course corrects. Remember if you leave voluntarily you can come back later after the company course corrects, at a much higher salary than if you stay at Ford.

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Post ID: @2twj+1hognDyR

We hear 17... We hear 10.... We need to understand and get consensus on the terminology. Are we saying a 17% in total separations or 17% involuntary + X% in retirements? These are two totally different things. Bottom line is that I too don't think the company could digest a (17 + X) coupled with the mass exodus of voluntary quits we're seeing as well.

I think Oct 31 is very realistic, given the extreme wild car in retirements this year. With interest rates climbing, lump sum pension payouts will most likely go down dramatically, setting the stage for a Dec 1 mass voluntary exodus. You have to give somewhere in the neighborhood of a 30 day notice to guarantee you get processed in time, which is late Oct. While I think the number will be high, it will mostly be retirements but still at least some invols to keep the te---r running through us. For this year that is. We hit the reset button on the 2023 circus that will prob be the polar opposite - all cuts and very few retirements. But then again I still don't know if it's worse to get cut or the 2x the work that lands at your feet as a result of it. Take your pick.

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Post ID: @2uuh+1hognDyR

You lost 50% of your stock price, just like most of the world. Yes cuts are coming.

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Post ID: @1pck+1hognDyR

I also heard from a chief it will be October timeframe. Also heard 10% task.

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Post ID: @1vht+1hognDyR

During my exp at FC, I had observed that employees are working from long term with the same skill set around 20+ years. The work can complete in 1or 2 hrs will be planned for 3 weeks to do…
Always FTE’s will try to escape from the work and try to push the assigned work for them to CT’s…
This is the best place who want to repeat the same work for years , sit and relax to do their personal work ..

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Post ID: @1dxj+1hognDyR

No cuts coming. Fact is, high interest rates make the GRP lump sum very attractive. We will see staff reduction due to retirements.

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Post ID: @1npg+1hognDyR

1bz….are you on the friends and family employment plan?

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Post ID: @egn+1hognDyR

LOL @hiz since 2000 every Ford IT team I have worked on was a minimum of 50% dead weight. Another 25-30% were coasters. Ford could easily cut 50% if they cut the deadweight, but they never do.
I worked in Ford IT (dev), Ford Credit IT (dev), Ford ITO (various areas). Each and EVERY area was the same. The LL6s were nearly all just phoning it in, didn’t care if it took 3 years to do a 2 week project.

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Post ID: @caj+1hognDyR

I am sorry guys but if we were to cut 17% we would stop to exist as a going concern. It's just too much for such a big company as we are.

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Post ID: @hiz+1hognDyR

October is a fact. Heard from an LL2. Yes he signed an non compete but I was able to get it out of him. Long time friend. Cuts are not as deep as everyone is saying here - approximately 10% and they are hoping many of that will be retirees.

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Post ID: @lbz+1hognDyR

@tlw+1hognDyR

In the interest of avoiding another "it's for sure June 16", what is your source for the 10/31 fact?

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Post ID: @gpa+1hognDyR

Also heard the 10/31 completion date with cut rate of 17%. Also the cut % will not uniform across all of F and FC. Some areas will have deeper cuts. Some areas will be eliminated, some areas moved to lower cost regions, some areas will be outsourced to other companies.

The only things we know for certain, as this is Ford, is that

  • the friends and family contingent will be retained as well as the lifetime loafers
  • promotions will follow and the leadership tree will expand further
  • mass hiring spree will follow the layoff
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Post ID: @csv+1hognDyR

Not a rumor but instead a fact. All separation reductions will be done by Oct 31 (voluntary and involuntary). Not sure what the target is but heard 10% cuts. Nothing different than what we have done in the past. I think people are blowing it out of proportion on this site, but it will be a normal layoff.

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Post ID: @tlw+1hognDyR

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