Ford to Cut Fewer Jobs Than Expected; White-Collar Only, Largely Abroad

Ford cars and trucks on the sales lot at Serramonte Ford in Colma, Calif., on May 20, 2019. Justin Sullivan/Getty Images

Ford announced it’s cutting some 7,000 jobs to offset large investments needed to transition to production of electric and autonomous cars.

While significant, the slimming will only hit white-collar workers and is focused largely outside the United States. It’s also more conservative than some predicted.