More details on job retrenchments are likely to emerge by second-quarter 2019. Regions mostly suffering on the monetary front such as, Europe, Asia and South America, are likely to witness the deepest slashes. Ford's Recent Ordeals During second-quarter earnings release, Ford trimmed its 2018 profit forecast due to a sharp decline in the bottom line. At that point of time, chief executive officer Jim Hackett announced the company's $11-billion cost restructuring initiative but kept details of the plan under wraps. Crippled with its aging vehicles' line-up, Ford's U.S. sales in September dropped below the figures posted by General Motors Company ( GM - Free Report ), Toyota Motor Corporation ( TM - Free Report ) and even Fiat Chrysler Automobiles N.V.. Investors are avoiding the Ford stock and its credit rating has been downgraded.