Ford recorded $202 million in separation-related costs in Q2 alone. But that’s just the start I fear…
LAYOFFS HAVE BEGUN
Buried in Ford’s 10-Q filing:
“We estimate that we will incur about $500 million in total charges in 2025 related to such actions, primarily attributable to employee separations; some charges are related to plans that are subject to negotiations with a works council, union, or other social partner.”
Translation? Layoffs are already happening… and the Model e and Ford Pro divisions are ground zero.
What does $202M mean in real job loss?
Based on average severance costs, here’s how many jobs are likely tied to the $500 million in total separation charges for 2025.