Ford Motor Co.’s engineering ranks could bear the brunt of further job cuts the automaker has alluded to within the wake of disappointing earnings, judging from CEO Jim Farley’s newest interview.

“It takes us 25 % extra engineers to do the identical work statements as our opponents,” Farley stated on “Automobiles & Tradition with Jason Stein,” a SiriusXM radio present that can air the interview on Friday. “I can’t afford to be 25 % much less environment friendly.”

Farley stated final week that Ford missed out on about $2 billion in earnings final yr because of avoidable bills and supply-chain points. He pledged to chop $2.5 billion in prices this yr and stated job cuts are on the desk.

In August, Ford eradicated about 3,000 positions, most of which have been within the U.S. The German union IG Metall warned final month that it’s anticipating about 3,200 reductions throughout Europe. Bloomberg reported in July of final yr that Ford was making ready to chop as many as 8,000 jobs.

Final week, Ford introduced it will scale back bonuses for a whole lot of high executives, together with Farley, who’s been CEO since October 2020. The automaker’s shares have nearly doubled throughout his tenure.