When a good business manager makes a mistake, they admit it and fix it.
The breakup into three divisions was supposed to highlight our profitable EV and software. It has actually exposed our weakness in both areas. Losing over $100k per EV sold is simply not sustainable, and since Gen 2 vehicles are on hold until they are profitable, we have no current need for all the Model e employees. Lay them off now to save capital.
Ford Next was supposed to come up with profitable new businesses. They have not had a single success despite wasting $3 billion per year. Lay these non performers off to save the $3 billion. Let new business ideas percolate naturally throughout the company.
Ford truck sales and profits are deteriorating, can’t carry the weight of all these non performers much longer, they drag down morale as much as they do profits.