Ford Motor Co. is cutting another 3,000 jobs, the automaker announced on Monday.
- In a companywide email, Ford leadership said that 2,000 full-time salaried workers, and another 1,000 contract workers, would be let go.
- The cuts make up roughly 6% of Ford's full-time salaried work force, and do not include any union factory workers.
- Ford has been cutting costs and trimming payroll as it transitions to electric vehicles - which will make up 50% of the company's output by the end of the decade.
- Why are so many auto makers pivoting to electric vehicles?