TSLA404.220-3.24%
GM82.4801.94%
F11.9300.22%
RIVN11.670-0.15%
CYD24.0000.59%
HMC33.680-0.392%
TM194.850-1.71%
CVNA59.050-0.18%
PAG211.950-0.2%
LAD288.690-2.04%
AN164.180-0.63%
GPI249.540-4.66%
ABG193.530-1.46%
SAH63.130-0.55%
TSLA404.220-3.24%
GM82.4801.94%
F11.9300.22%
RIVN11.670-0.15%
CYD24.0000.59%
HMC33.680-0.392%
TM194.850-1.71%
CVNA59.050-0.18%
PAG211.950-0.2%
LAD288.690-2.04%
AN164.180-0.63%
GPI249.540-4.66%
ABG193.530-1.46%
SAH63.130-0.55%
TSLA404.220-3.24%
GM82.4801.94%
F11.9300.22%
RIVN11.670-0.15%
CYD24.0000.59%
HMC33.680-0.392%
TM194.850-1.71%
CVNA59.050-0.18%
PAG211.950-0.2%
LAD288.690-2.04%
AN164.180-0.63%
GPI249.540-4.66%
ABG193.530-1.46%
SAH63.130-0.55%

Ford announces layoffs as part of its shift to EVs

Ford

Ford has begun notifying certain salaried and agency workers of layoffs this week, according to an internal email sent to its employees.

Ford has been signaling for weeks they would layoff roughly 3,000 employees as part of a shift to electric vehicles. The email was signed bye Executive Chair Bill Ford and CEO Jim Farley, and discussed Ford’s need to redeploy resources and embrace new technology.

“Building this future requires changing and reshaping virtually all aspects of the way we have operated for more than a century”.

The job cuts will go into effect on September 1st, according to a spokesperson.


dealersDid you enjoy this article? Please share your thoughts, comments, or questions regarding this topic by connecting with us at newsroom@cbtnews.com.

Be sure to follow us on Facebook, LinkedIn, and TikTok to stay up to date.

While you’re here, don’t forget to subscribe to our email newsletter for all the latest auto industry news from CBT News.

More from Articles
Fed holds interest rates steady as auto loan costs stay high

Fed holds interest rates steady as auto loan costs stay high

- October 29, 2026
On the Dash: Fed votes to hold key interest rate at 3.75% to 4.00%, with two officials dissenting in favor of a hike. Auto loan costs keep climbing; J.D. Power...
Ford raises 2026 profit outlook despite higher costs and truck production challenges

Ford raises 2026 profit outlook despite higher costs and truck production challenges

- October 29, 2026
On the Dash: Ford raised the lower end of its 2026 adjusted operating profit guidance by $500 million to $10.5 billion, keeping the upper end at $11 billion. The automaker...
Beyond digitization: Why title integrity matter to dealership risk and compliance

Beyond digitization: Why title integrity matters to dealership risk and compliance

- October 29, 2026
As automotive retail becomes increasingly digital, dealerships face a growing challenge: ensuring that faster transactions do not introduce greater financial and compliance risks. Vehicle titling remains a critical vulnerability. Incomplete ownership...
Toyota global sales and production fall for third straight month

Toyota global sales and production fall for third straight month

- October 29, 2026
On the Dash: Toyota's global sales fell 2.2% year over year to 860,107 vehicles in September, and production declined 3.2% to 889,079 vehicles, extending both measures to a third straight...

Add us as a preferred source on Google

CBT News
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.