Ford to Cut Thousands of Jobs By the End of Summer According to the carmaker, <br />7,000 jobs will be gone by August. That is 10% of the company's global workforce. Ford says the cuts are due to a big restructuring plan, which started <br />in 2018. According to CEO Jim Hackett, the cuts are needed <br />to help Ford compete with rivals in the future. Ford CEO Jim Hackett, via memo The ongoing revamp plan <br />also preserves $600 million <br />annually for Ford.
