https://www.forbes.com/sites/stephaniedenning/2019/05/25/fords-layoffs-signal-ominous-future/#1ff4704a2ea9
Insightful article by Stephanie Denning - the conclusion in her article follows:
“But I am far more concerned about its strategic priorities going forward. Cutting a bloated management layer is not a strategic initiative. The market seems to agree as Ford’s stock price declined following the announcement.
What I know for sure is if I was running an automotive company, I would be very worried. I would be awake all night looking for a turnaround plan that would strategically position the company in growing markets, not dying ones. Sometimes, you don’t realize you’ve been carried away with the tide until it’s too late.”