Ford Commits Suicide - Lays Off Hundreds Of Engineers
Posted by freedomforall 11 months, 1 week ago to Business
Excerpt:
"The cuts will be to engineers in EVs, traditional combustion engine models and commercial vehicles, the company said. The layoffs will number in the hundreds, despite CEO Jim Farley claiming earlier this year the company would need 25% more engineers than rivals to produce its EVs.
The company expects to lose $3 billion in 2023 on its EV business but hopes for 8% returns on battery powered models by the end of 2026. Ford plans on building 2 million EVs per year by that point.
T.R. Reid, a company spokesman, told Bloomberg: “We’re not cost competitive. We have specific priorities and ambitions that have implications for skills, assignments and staffing needs. These changes are consistent with that. They’ll make us cost effective.”"
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Hire more accountants and Ivy League marketing grads.
That has always been a success in improving complex mechanical design and manufacturing.
Just shut your doors now and save the taxpayers the expense of artificial respiration and burial of your brainless corpses.
Engineers, welcome to the Gulch.
"The cuts will be to engineers in EVs, traditional combustion engine models and commercial vehicles, the company said. The layoffs will number in the hundreds, despite CEO Jim Farley claiming earlier this year the company would need 25% more engineers than rivals to produce its EVs.
The company expects to lose $3 billion in 2023 on its EV business but hopes for 8% returns on battery powered models by the end of 2026. Ford plans on building 2 million EVs per year by that point.
T.R. Reid, a company spokesman, told Bloomberg: “We’re not cost competitive. We have specific priorities and ambitions that have implications for skills, assignments and staffing needs. These changes are consistent with that. They’ll make us cost effective.”"
-------------------------------------------
Hire more accountants and Ivy League marketing grads.
That has always been a success in improving complex mechanical design and manufacturing.
Just shut your doors now and save the taxpayers the expense of artificial respiration and burial of your brainless corpses.
Engineers, welcome to the Gulch.
