Thread regarding Ford layoffs

Ford has 25% too many salary people, compared to similar organizations, mainly due to friends and family plan loafers. To satisfy the investment community and shore up the still inflated stock price, we need to drastically reduce payroll costs. Sadly, the wrong people will be cut, family and friends will still be loafing, as we circle the drain.

Ford only cares about the China, India and Mexico employees and wherever else that they have employees other than the U.S. Ford has been sold out like others. I do not think that Ford cares if another country even runs Ford. (China)?????

IMHO it shows F will be cutting at least 7.5% in the golden areas; but expect much higher cuts in the non-golden areas. It is concerning that newspapers have yet to report on the July 1 cuts. It is almost like they were asked not to report until salaried cuts were completed. There are all these recent good news articles on F Brazil, Mexico and India staffing up in tech and engineering centers, and F converting hourly temp plant workers to full time. Yet something is missing from the puzzle, its almost like F is setting the stage to say oh the salaried NA layoffs are no big deal. When the numbers($) don’t add up, one wonders why.

Was that 5%? Could be a hint of what's to come in NA.

Musk's Autopilot is the same as Reagan's Star War. If you believe in Musk, your organization will fall like Berlin Wall.

Anything Ford touches turns to cr-p. Look at Rivian. Ford invests, the stock tanks. The still their shares, the stock is up over 50%.

The Lions. Lol

If it involves Ford, avoid it like that plague.

I found the article, buried on the bake page of the Detroit News:

Ford-backed self-driving startup Argo AI lays off 150

Argo AI, the driverless startup backed by Ford Motor Co. and Volkswagen AG, laid off about 150 workers Thursday as the young company ramped up too quickly and found itself overstaffed.

Argo confirmed the layoffs from a global workforce that has grown to more than 2,000.

“With incredible growth and progress made in our mission to deploy driverless vehicles, we are making prudent adjustments to our business plan to best continue on a path for success,” the company said in an emailed statement.

An Argo AI modified Ford Motor Co. Fusion autonomous vehicle stands ahead of a press conference in New York on Friday, July 12, 2019. the autonomous vehicle startup announced job cuts this week.

The self-driving startup founded in 2016 has been growing rapidly since VW invested $2.6 billion in 2020. That followed an initial $1 billion investment from Ford in 2017. Argo has been on a hiring spree as it aims to deploy 1,000 self-driving vehicles in six US cities in the next few years.

In May, Argo began testing self-driving vehicles in Miami and Austin, Texas, without a human behind the wheel. It also is testing its autonomous system with the public in pilot programs with Lyft Inc. and Walmart Inc. in Miami, Austin and Washington, D.C.

Argo said its plans to commercialize the technology for Ford and VW remain on track.

“Argo is a critical partner of our self-driving service,” Ford said in an emailed statement, “and we will continue to support them and work together on developing the self-driving technology that will power our self-driving service.

Interesting that fordfreepress reported the Argo AI layoff but not last weeks Ford agency layoff