Ford’s CEO announced Monday that the company is laying off about 7,000 managers and other salaried workers, about 10% of its white-collar workforce, as part of a plan designed to save the corporation $600 million.
The cuts will be completed by August, the CEO Jim Hackett said in an email to workers. Most of this round of firings are overseas with roughly 2,300 of the job cuts coming from the United States. A company spokesman said 1,500 of the 2,300 US job cuts were buyouts.
This round of layoffs won’t impact Ford’s hourly factory workers, but expectations are most of the factory workers will be replaced by robots in the next few years.