Ford Is Moving Ahead With Staff Cuts

Last Updated: October 31, 2022By Tags: , , , ,

Ford Motor CEO Jim Farley has said his company has too many people—too much waste in its drive to catch up in the electric-vehicle race. Now, he’s doing something about it.

Ford (ticker: F) is offering severance packages to some U.S. salaried staff that have been deemed as underperforming, The Wall Street Journal reported on Monday. Ford didn’t immediately respond to a request for comment from Barron’s.

Elon Musk Fires Twitter’s Board

In a development that should surprise no one, Elon Musk has dissolved the Twitter board of directors and now serves as the social media company’s sole director. Musk last week completed his $44 billion acquisition of the company.

Twitter disclosed the dismissal of the previous board in a securities filing.

 

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