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Ford headquarters. Photo: Jeff Kowalsky/AFP via Getty Images

Ford said Wednesday that it would cut 1,400 salaried positions in North America through voluntary buyouts, the latest move in a multiyear restructuring effort.

Why it matters: The automaker, which is in the midst of a CEO transition, has been trying to right-size its business and boost profitability by focusing on core products like the F-150 pickup and growth opportunities like electric vehicles, software and fleet management services.

What they're saying: In an email to staffers, Kumar Galhotra, Ford's president for the Americas and international markets group, said the company had "reprioritized certain products and services" and would adjust staffing in its North America and Ford Credit divisions. Those deemed to have "critical skills" would not be eligible.

  • "Our hope is to reach fitness targets with the voluntary incentive program. If that doesn’t happen, involuntary separations may be required," Galhotra said.

Go deeper

United Airlines halves planned layoffs to 16,370

Photo: John Nacion/SOPA Images/LightRocket via Getty Images

United Airlines said Wednesday it expects to cut 16,370 jobs on Oct. 1, far fewer than the 36,000 it warned of two months ago, as suspense builds over whether Congress will extend relief for the struggling airline industry.

Between the lines: United was able to limit the layoffs by cutting costs, raising debt and encouraging tens of thousands of employees to participate in a variety of voluntary leave, early retirement and reduced hours programs.

Updated 1 hour ago - Politics & Policy

Facebook paying up to $14M to settle employment discrimination claims

Photo: T.J. Kirkpatrick/Bloomberg via Getty Images

Facebook has agreed to pay up to $14.25 million to settle allegations that it discriminated against American workers by reserving positions for temporary visa holders, the Justice Department announced on Tuesday.

Why it matters: The settlement represents the largest civil penalty and monetary award that the Civil Rights Division has recovered in the 35-year history of the Immigration and Nationality Act's anti-discrimination provision.

Updated 3 hours ago - World

Mapping repression in China's Xinjiang region

Data: © Mapbox, © OpenStreetMap; Map: Will Chase/Axios

A sweeping new report released today by an Australian research organization reveals new details about how the Chinese Communist Party — and specifically who within the party — is carrying out its campaign of repression in Xinjiang.

Why it matters: Uncovering the actual offices and individuals implementing the Chinese government's genocide and forced labor policies in Xinjiang can bring accountability and help international companies delink supply chains in compliance with U.S. and EU forced labor laws.