Ford is preparing for a new round of layoffs for its salaried workers in the United States, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The company in March last year announced plans to reduce structural costs of up to $3 billion at its gas-powered vehicle unit. In August, Ford said it would cut a total of 3,000 salaried and contract jobs, mostly in North America and India. According to the WSJ report, the new round of layoffs is expected to affect employees at the Detroit automaker's gas, electric-vehicle and software divisions, but the number of cuts could not be learned. The automaker's latest effort to streamline its operations comes after peers Stellantis and General Motors said they were offering employee buyouts.

Source: Wall Street Journal June 23, 2023 16:45 UTC