As CEO Jim Farley continues to rein in costs, Ford is preparing to enact a new round of layoffs in the coming weeks, according to a Wall Street Journal report Thursday. Nonetheless, news of the potential layoffs come after Farley told Jim this week that Ford still needs bring down costs at its EV division. The company has estimated its EV costs are roughly $7 billion higher than its competitors. F 1M mountain Ford stock performance month-to-date. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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Persons: Jim Farley, Ford, Jim Cramer, Farley, Jim, We're, Jim Cramer's, Rebecca Cook Organizations: Ford, U.S, Wall, U.S . Energy Department, SK, Blue, SK —, EV, it's EV, CNBC, Ford Motor Co, Amperex Technology Locations: Korean, U.S, Marshall , Michigan, Romulus , Michigan