Ford is not one of my holdings. Something that happened the other day still fascinated me. Ford announced it is trimming 3,000 white collar jobs. The company says it needs to cut expenses as it transitions from the internal combustion engine to battery powered vehicles.
I hate to see anyone lose their job. I've been there. It isn't fun, regardless of the size of your safety net.
Here is my question. How does a company become so bloated that it can afford to axe six per cent of its work force and still function? Ford shareholders should be asking some tough questions.
