Ford to cut jobs in US, Canada

Ford will begin another round of layoffs this week impacting jobs in the U.S. and Canada, the automaker confirmed to FOX Business on Tuesday. 

While the company did not disclose how many employees would lose their jobs, Ford spokesperson T.R. Reid said the actions are related to the manufacturer’s growth plan introduced in 2021, which Ford has been increasingly implementing over the past year. 

"Delivering on the plan includes adjusting staffing to match focused priorities and ambitions, while raising quality and lowering costs," he added. "What we’re doing this week in the U.S. and Canada is mostly, but not only, related to engineering roles. People affected by the changes will be offered severance pay, benefits and significant help to find new career opportunities."