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Ford CEO Farley Says Automaker ‘Absolutely Has Too Many People’

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Ford CFO on EV Plans, Supply Chain, Battery Materials

Ford Motor Co. Chief Executive Officer Jim Farley says his company has too many people, but he won’t say how many he plans to get rid of.

On a call with analysts to discuss Ford’s strong second-quarter earnings, Farley made it clear Wednesday that job cuts are coming. Bloomberg News reported earlier that the company is planning to slash as many as 8,000 salaried positions.