"Ford could layoff 25,000 of its employees, more than double of what GM laid off recently. Layoffs are never easy for the company, economy and employees. However, to stay in the game, and compete with the Teslas of the world, traditional OEMs need to be agile and asset light. Big OEMs are limiting their product portfolio and focusing only on the bright spots – EVs, autonomous vehicles and SUVs – where the demand lies for a mid-long term period. Also, expect maturing economies like the US and Europe to lose maximum jobs as OEMs focus on emerging and growing Asian economies." – Aman Madhok