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But White House economists find that it's even worse in every other G7 nation Something isn't loading properly. Please check back later. Ad Feedback Ford to lay off workers as it focuses on electric vehicles Peter Valdes-Dapena By Peter Valdes-Dapena, CNN Published 3:53 PM EDT, Tue June 27, 2023 Link Copied! exp GPS 0618 Ford on US EV market_00012804.png Video Ad Feedback On GPS: How the US is trying to catch up on EVs 05:55 - Source: CNN New York CNN -- As Ford shifts to producing more electric vehicles, it expects to lay off a number of employees, mostly engineers, in North America over the coming days. The company would not confirm any specific number of employees involved. "This is related to the Ford+ growth plan we introduced in 2021 and have been increasingly implementing over the past year," said Ford spokesman T.R. Reid in an email. "Delivering on the plan includes adjusting staffing to match focused priorities and ambitions, while raising quality and lowering costs." Ford has previously said it is also hiring in some areas, so it's not clear if these layoffs will result in an overall reduction in Ford's workforce in the United States or Canada. As part of the so-called Ford+ plan, in 2021 the company was split into three broad operating units: Ford Blue for internal combustion-powered vehicles, Ford Model E for electric vehicles and Ford Pro focused on commercial vehicles. Ford CEO Jim Farley also announced the company would focus on fewer, but more profitable, market segments and would develop more digital products for its customers. In addition to profit growth, cost reductions are also part of the plan. Ford executives said in March that the company will lose $3 billion this year on sales of electric vehicles but still expects to meet its profit targets of $9 billion to $11 billion for the year. It also expects to begin earning profits on electric vehicles soon. CNN's Chris Isidore contributed to this story. 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Here's what landlords are doing about it Jun 27, 2023 [200915155108-01-solar-cycle-25-nasa] NASA's Solar Dynamics Observatory Everything you wanted to know about the solar cycle Jun 27, 2023 Ad Feedback Ad Feedback [ ] Search Log In My Account * Settings * Topics You Follow * Log Out Your CNN account Log in to your CNN account --------------------------------------------------------------------- Live TV Audio --------------------------------------------------------------------- * US + Crime + Justice + Energy + Environment + Extreme Weather + Space + Science * World + Africa + Americas + Asia + Australia + China + Europe + India + Middle East + United Kingdom * Politics + The Biden Presidency + Facts First + US Elections * Business + Tech + Media + Calculators + Videos * Markets + Pre-markets + After-Hours + Market Movers + Fear & Greed + World Markets + Investing + Markets Now + Before the Bell + Nightcap * Opinion + Political Op-Eds + Social Commentary * Health + Life, But Better + Fitness + Food + Sleep + Mindfulness + Relationships * Entertainment + Movies + Television + Celebrity * Tech + Innovate + Gadget + Foreseeable Future + Mission: Ahead + Upstarts + Work Transformed + Innovative Cities * Style + Arts + Design + Fashion + Architecture + Luxury + Beauty + Video * Travel + Destinations + Food & Drink + Stay + News + Videos * Sports + Pro Football + College Football + Basketball + Baseball + Soccer + Olympics + Hockey * Videos + Live TV + Digital Studios + CNN Films + HLN + TV Schedule + TV Shows A-Z + CNNVR * Audio * CNN Underscored + Electronics + Fashion + Beauty + Health & Fitness + Home + Reviews + Deals + Money + Gifts + Travel + Outdoors + Pets + CNN Store * Coupons * Weather + Climate + Storm Tracker + Wildfire Tracker + Video * More + Photos + Longform + Investigations + CNN Profiles + CNN Leadership + CNN Newsletters + Work for CNN --------------------------------------------------------------------- Audio Live TV Follow CNN Business * * * * Log In My Account * Settings * Topics You Follow * Log Out Your CNN account Log in to your CNN account --------------------------------------------------------------------- Most stock quote data provided by BATS. 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