** CORRECTION: We have updated the Ford Motor Company number and reduced the company’s layoff announcement from 20,000 to 1,400. Ford has reached out and informed us that the 20,000 number was incorrectly reported several weeks ago. Many major media outlets reported the 20,000 number. The announcement now listed in our report is for a voluntary separation program for ten percent of Ford’s corporate staff – a layoff of 1400.
The number of workforce reductions announced by US-based employers remain at a steady level in May, as planned job cuts totaled 33,092 for the month.