The major automotive company plans to cut all global workforce by 10 percent.

Ford Motor Company is making more cuts, and this time its target is salaried employees. According to The Associated Press and a recent Wall Street Journal report, the cuts are being made to focus on reducing costs and improving efficiency. Ford did however announce that currently there is no plans to cut jobs.

According to The Associated Press, Ford Motor Company has lost more than a third of its value since 2014.

Source: MLive.com