The car maker plans to cut jobs as it ramps up production of electric vehicles, according to the CEO.
"We have too many people in some places, no doubt about it," she said. "We have skills that don't work anymore, and we have jobs that need to change," she said.
At the Wolfe Research auto conference in February, Farley made a similar concession. There are reports that the company could cut as many as 8,000 jobs in order to transition away from fossil fuels.
According to sources with knowledge of the matter, the 8,000 roles could come from within the firm, but mostly from the Blue unit, which is responsible for internal combustion engines.
The plans had not been finalized.
The 118-year old car-giant is in a race, along with other legacy automakers like GM, to matchTesla in the battle to dominate the still nascent, but growing market for EV
As part of a sweeping transformation, Ford will save as much as $3 billion in order to boost EV production to two million vehicles by 2026.
In March, the company separated its EV division, named Model E, from its internal combustion division, renamed Ford Blue, and promised to invest up to $50 billion toelectrify its fleet.
Farley said on the call that Ford is too complicated.
A theme that will run through Blue for many years to come is that we are planning less complexity.
When asked how many roles could be made redundant, Farley wouldn't give a number. 57,000 hourly workers are employed by Ford in the US, according to the company's website.
Ford doesn't comment on speculation when contacted by Insider, according to a spokesman.
To deliver our Ford+ transformation and lead this exciting and disruptive new era of electric and connected vehicles, we are focused on modernizing our organization across all automotive business units.
Ford's half-year earnings more than tripled compared to the same period last year.
The company said in its earnings report that it has seen an increase in demand for its products.
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