As a part of its multiyear restructuring plan, Ford will cut 7,000 jobs, or 10% of its global salaried workforce, the Wall Street Journal reports. Roughly 2,300 of those jobs are in North America, Ford's CEO said in an email Monday.

The big picture: The 500 layoffs coming this week will largely wrap up a restructuring of Ford’s global salaried workforce, but there is still work remaining to gets it global manufacturing operations in good shape, per Axios' Joann Muller.

The big picture: CEO James Hackett, who has been criticized for moving too slowly to restructure Ford’s business, has called 2019 a turning point.

  • Those 2,300 jobs will be cut through buyouts and layoffs. About 1,500 already have happened, and about 500 workers will be let go this week, per AP. The company expects to save about $600 million per year by reducing 20% of its management structure.

What to watch: Ford begins negotiations this fall with the United Auto Workers union, but it's unlikely there will be big blue-collar layoffs in the U.S., where Ford's plants are running full tilt. But plant closings could happen in Europe and South America, where Ford has been struggling. Ford has already announced plans to close two factories in Russia.

Read Hackett's memo:

Go deeper: American manufacturing cities are losing white-collar jobs, too

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Post-debate poll finds Biden strong on every major issue

Joe Biden speaks Friday about "The Biden Plan to Beat COVID-19," at The Queen theater in Wilmington, Del. Photo: Drew Angerer/Getty Images

This is one of the bigger signs of trouble for President Trump that we've seen in a poll: Of the final debate's seven topics, Joe Biden won or tied on all seven when viewers in a massive Axios-SurveyMonkey sample were asked who they trusted more to handle the issue.

Why it matters: In a time of unprecedented colliding crises for the nation, the polling considered Biden to be vastly more competent.

Bryan Walsh, author of Future
4 hours ago - Science

The murder hornets are here

A braver man than me holds a speciment of the Asian giant hornet. Photo: Karen Ducey/Getty Images

Entomologists in Washington state on Thursday discovered the first Asian giant hornet nest in the U.S.

Why it matters: You may know this insect species by its nom de guerre: "the murder hornet." While the threat they pose to humans has been overstated, the invading hornets could decimate local honeybee populations if they establish themselves.