Ford Motor Co is Cutting 3,000 Jobs as it Transitions to Electric Vehicles, Software and Digital Services

Ford Motor Co is undergoing one the biggest transitions in the company’s history with plans of building more software-defined electric vehicles. The automaker plans to sell 600,000 electric vehicles by 2023 and 2 million by 2026. But to reach its electrification targets over the next several years, Ford plans to reduce costs and become a much leaner company.

Eric Walz2022-09-28 12:00 PT

Elon Musk Wants to Cut Around 10% of Tesla’s Global Workforce, Blames Economic Uncertainty

Tesla Chief Executive Elon Musk announced that he wants to reduce Tesla’s workforce by 10%, equal to roughly 10,000 jobs. Musk cites economic uncertainty for the plans to reduce Tesla’s workforce and wrote that he has a "super bad feeling" about the economy in the email to executives.

Eric Walz2022-07-10 09:30 PT