WHAT IS IT?
Auto companies are racing to meet an electric future and transforming the workforce. EV have fewer parts, and making them will eventually require fewer workers. On top of that, the auto industry for years has been moving toward increased automation.
WHY IMPORTANT
Companies will hire software engineers and gradually fire others who've long worked on gas-powered cars, as Ford did last month when it let go of 3,000 white-collar employees.
"Transformations are messy, they're ambiguous and as a part of this transformation, we have to look at everything that we do across every function," says Jennifer Waldo, Chief People and Employee Experiences Officer. "Look at Kodak. They had much of the product in the beginning and just sort of missed it. We've learned a lot from those lessons."
