Ford Plans to Slash Global Workforce by 10 Percent: Report - NBC4 Washington

Ford Plans to Slash Global Workforce by 10 Percent: Report

Investors are concerned that U.S. sales are peaking and Ford's market share is slipping

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    NEWSLETTERS

    Ford Plans Job Cuts: Report

    Ford Motor Co. is planning substantial job cuts in order to boost profits and raise its stock price, according to the Wall Street Journal. (Published Tuesday, May 16, 2017)

    The Wall Street Journal reports that Ford Motor Co. is planning substantial job cuts in order to boost profits and raise its stock price.

    The newspaper says the cuts would target salaried employees and would reduce Ford's global headcount by an equivalent of 10 percent.

    Ford didn't confirm the report Monday night.

    In a statement, the company said it's focused on reducing costs and improving efficiency. But Ford said it hasn't announced any job cuts and won't comment on speculation.

    Students Use Google Docs to Create DIY Social Media Network

    [NATL-BAY] Students Use Google Docs to Create DIY Social Media Network

    Monitoring services like Bark and Gaggle say a growing number of students are using cloud-based platform Google Docs as a DIY social media network. In some instances, students are using the tool meant for work collaboration as a secret platform for bullying.

     

    (Published Friday, May 17, 2019)

    Investors are concerned that U.S. sales are peaking and Ford's market share is slipping.

    Ford's shares have lost more than a third of their value since Mark Fields became CEO in 2014. Electric car maker Tesla Inc. recently surpassed Ford in market value even though it sells far fewer vehicles.