Ford Chief Executive Jim Farley has been saying for months that he believed the automaker had too many people, and that not enough of its workforce had the skills required as the auto industry shifts to electric vehicles and digital services.
Like other established automakers, Ford has a workforce largely hired to support a traditional combustion technology product lineup. Like Tesla, Ford wants to generate more revenue through services that depend on digital software and connectivity.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: