Oh dear.....
21 replies (most recent on top)
After all the salaried pressured into buying a new F150 / Bronco / Mach E they will get pink slips.
Sheeple.
In the fall of 2018 our VP told us make no mistake we will downsize the PD organization by 25% over the next 3-5 years. So that statement is out there in the public. Now lets look at the performance of the company over all? We know the Explorer launch at CAP was a disaster. We also know that F-Series accounts for 90% or more of our profits. So we need to launch the F150 Flawless. Bronco coming out. New vehicle segment we are entering. Another one that needs to hit the ball out of the park. MACH E low volume EV That has to equal or better than what the competition is doing. otherwise we fall further behind. The stock before the virus was trading between $7-12 a share. In order to increase that value you need a management team with a vision and a plan that everyone can understand! Then execute it. And more important we need a "CAR GUY" running the ship.
I doubt there will be any salary layoffs - didn't Ford take some of the government handout recently?
Get ready.
I bet the same people in this thread who have been yelling about layoffs every week for the last year are also the author of the latest posts about bankruptcy. Probably the same people who posted the other 50 posts about bankruptcy this year and the other 20 posts about mergers. . . but I assure you sheeple that these geniuses with unlimited links to youtube conspiracy videos and no clue how to read financial statements or news are the next messiahs. Best to listen to them and build your bunkers now!
@3thu That you're part of the 'herd' and about to be 'culled?'
@OP: Do you know something for sure, or are you just trying to scare people with some vague nonsense?
I understand cow stories now after the huddle.
Oh my . . .
Conspiracy theories, so hot right now
@1pyv LOL that is so true. If you believed every layoff predictor and doom's sayer on the site we would have a negative number of employees, yet somehow there are still 200,000 globally. if Ford hasn't figured out they have 33% more people than they need by now, they never will.
Posters on the Layoff have predicted roughly 85 rounds of layoffs in the past two years, so maybe provide some proof?
Oh dear..
Right sizing LOL
Every right sizing and organization flatten reorg has resulted in more layers of management.
30 years ago # of layers from me to top =8. Today=9 with numerous dotted lines so it appears that each LL6 and LL5 have more reports than they do.
30 years ago # of people in work group=8. Today 15.
30 years ago % of people in group doing work 100%. Today 34%
I agree that a trim is needed.
They will call it headcount reductions due to right sizing the business. This needs to be done anyway regardless of virus impacts. Bail outs will take time to happen.
Look at your departments and tell me that you couldn't survive if 1 or 2 out of 10 of your coworkers were gone. The company is still bloated with day traders/internet surfers/BSrs/etc.
The ground is starting to shake/rumble - hang on.
@1tgz+159VSzSh I'm not talking about the small business loan program. Ford would have to negotiate a separate bailout directly with the government. The administration has made it clear that its not going to deal favorably with companies that have laid off employees.
That government deal is for companies with less than 500 employees to get assistance.
@xhb+159VSzSh Yep. All the company's advertising and messaging from top leadership is basically the MAGA agenda. They are marketing directly to the president because they know there is a good chance they will need a bailout. They'll want to cut a deal because chapter 11 or an angry Trump admin could mean the family losing control of their Class A shares.
There will be no layoffs for Ford direct hires for the next year. The balance sheet is so bad government help is needed. The government wants companies to keep employees. Bill Ford let Trump know that Ford has more employees in US than GM or FCA.
However, in 2 years Ford will have liquidity problems due to all of the loans. I would expect major cost cutting and layoffs then.
We can’t keep losing over a Billion dollars per month for long, and the only costs that can be cut that add up too much savings is salaries. Layoffs are inevitable.
Why’s that?