Ford has offered buyout packages to some unknown number of employees at its LA regional offices in Irvine, California.
Ford has started sending emails with buyout offers to some 15,000 salaried employees. It needs just 1,400 to accept.
A Chicago-based outplacement firm incorrectly reported Ford would lay off 20,000 employees, before issuing a correction.
Ford today confirmed plans to cut some 1,400 employees, mostly in North America and Asia Pacific.
The news that Ford could soon attempt to drastically cut its global workforce had little to no effect on share prices.