Analyst Adam Jonas of Morgan Stanley is among those who say Ford Motor Co. cannot reach its stated profit goals for "Smart Redesign" by laying off just 7,000 salaried workers total worldwide by August.
The company must cut "a further" 23,000 salaried jobs in the near term to fulfill its goals, Jonas wrote Tuesday.
Thanks Jon, maybe we could do an analysis and lay you off. Company should go private and forget about satisfying investors and stockholders.
There was no smart redesign. In IT they could axe 50% of the GSR and increase productivity if they chose the right 50%. They won’t be able to chose the right 50%. We saw that with the LL6 m---acre. They chose all the highly productive, intelligent and capable LL6 to leave and kept all the lazy s---ups. This reflects the true company culture.
“The bottom line is that Ford’s announced job cuts are absurd," said market analyst Jon Gabrielsen, who advises automakers and auto suppliers. "No one who analyzes the Ford situation believes that 7,000 job cuts remotely scratches the surface of what will be required for Ford’s long-term longevity."