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The only "leadership" and brilliant business planning you see from these contemporary corporate toads is just reducing headcount. A blind chimpanzee can do that. That takes no effort or brilliance. You don't need to pay these useless suits millions of dollars just to decimate their workforce.
So those who were "fortunate" enough to get left behind will be left with a plate full of P** and with 4x the responsibilities thrown on them for no extra pay. But its "efficient" right? Its more "efficient" to have 1 human doing the work of 4. Nothing can go wrong there.
Record low unemployment. Here come the layoffs to pay for the aluminum and steel jobs. The other automakers will be right behind Ford. There's only so much money they can afford to pay the Feds. They got a corporate tax hike, but their tax on raw materials went way up.
My mother told me how her area she grew up had, at least at the time, not now, almost everything close in a mall plaza in the 1980's when Reagan let Ford send all of those jobs to Mexico. (Though technically Ford is in Dearborn, but Southfield, where the Plaza was I think, is right next to it.) Thus, due to those closing as a result of the net effect of the Ford layoffs, OTHER people not working for Ford lost their jobs too! Indeed, what Reagan and Ford did may have, in some way, contributed to the bankruptcy of Detroit years later.
I hope this doesn't cause a ripple effect like last time. The Detroit area doesn't need more trouble due to greedy management at Ford.
Completely scrapping their entire line of sedans, including the Fiesta, Focus, Fusion, and Taurus. Now they're laying off over 10,000 workers?
Is Ford becoming greedy enough to slash the workforce and focus just on SUV's to maximize profits? Or are they in serious financial distress?
No idea on the financial distress - I doubt it, but big trucks and SUVs have kind of become the domain of American manufacturers. Smaller, cheaper sedans and such are primarily Japanese and Korean. Crossovers are kind of split.
Sounds about right for the typical performance review process. There are three buckets for High Contributor, Core Contributor, and Low Contributor. 10% of your employees can be ranked High, 80% of your employees are ranked Core, and 10% of your employees are ranked Low. Usually the low 10% are up for the layoffs.
Ford and GM auto sales are down 10-15% in the 2017-2018 timeframe, but, so are a lot of imports. Statistically, it doesn't seem clear that Ford is in any worse shape than the others. Perhaps Ford is responding to an anticipated future trend in advance.
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Its more "efficient" to have 1 human doing the work of 4. Nothing can go wrong there.
