Ford To Lay Off At Least 1,000 Salaried And Contract Workers, Sources Say
Portfolio Pulse from Happy Mohamed
Ford plans to lay off at least 1,000 salaried and contract workers, according to sources cited by the Wall Street Journal.
June 27, 2023 | 1:46 pm
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Ford's decision to lay off at least 1,000 salaried and contract workers may impact its stock price in the short term.
The layoffs may be seen as a negative signal by investors, potentially leading to a decrease in Ford's stock price in the short term. Layoffs can indicate cost-cutting measures or a struggling business, which may cause concern among investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100