Ford Layoffs

[Slammer]

https://www.zerohedge.com/markets/ford-lays-hundreds-engineers

Original Bloomberg article is paywalled

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[commadorebob]

Given the numbers, I think Ford is allowing natural attrition to reduce overall headcount. Ford likely goes through "hundreds" of engineers a year without layoffs.

 

[Scott Asheville]

It is so necessary to compete with Tesla and the Chinese, who are innovating at 10x the speed of Ford. You have legions on ICE specialists who are not part of the future. People set in their ways and living in little specialty silos, like the whole automotive world spins around the exhaust system (hint: there is no exhaust system in a BEV).

You'll see a lot of this by all the OEMs. They have to keep just enough ICE talent to keep those profit-generating products alive another decade or so. Then they're suddenly absolutely useless. You can't just turn a combustion engineer into a software engineer.

All the OEMs are doing this, each in their own way. It's a balancing act - keeping the ICE product alive while converting the whole company to BEV. And not knowing if BEV is gonna get traction or not. Glad I'm not an OEM CEO.

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