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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tntpal who wrote (1408493)	6/28/2023 10:28:02 AM
From: Sdgla	Respond to of 1587826

Ford to cut 1,000 jobs, lose $3B over electric car investments More than one thousand Ford Motor employees will be losing their jobs as the company axes positions to make up for a significant loss of revenue due to electric vehicle investment efforts. Ford is expecting to lose $3 billion in electric vehicle operating profit this year, and the company's current operating costs are $7 billion to $8 billion, higher than any other competitor, which has forced the company to layoff employees, along with other cost-saving measures, Wall Street Journal reports.