The company has roughly 200,000 salaried employees worldwide, about half of which are in North America.
According to a person briefed about the plan, Ford plans to offer generous early retirement incentives to cut its salaried headcount by 1 October.
Today, Ford said it remains focused on its strategic plan to transforming traditionally underperforming areas of its core business and to investing in emerging opportunities, such as mobility and autonomous vehicles.
Ford Motor Co is planning to shrink its workforce of salaried employees in both Asia and North America by as much as 10% in its attempt to boost its profits and its sliding price of stock, said sources familiar with its plans.
Ford said the cuts would amount to about 10 per cent of a group of 15,000 salaried workers. The carmaker said instead that it would invest $1.2 billion in three MI facilities whilst creating 130 new jobs.
The buyout offers were a fraction of the 20,000 job cuts that some news outlets had reported Ford could announce this week.
Investors are concerned that US auto sales are peaking and Ford's market share is slipping.
The reductions will mostly be in North America and the Asia Pacific region.
To make room for those vehicles, Ford is transferring production of several slow-selling passenger auto models, including the Focus, to Mexico.
Ford announced in January that it would scrap a plan to build a factory in Mexico in favor of adding 700 jobs in MI.
The staff cuts are part of a plan to lop $3 billion off the company's costs this year.
Ford did not confirm the report to news agencies Monday evening.
The No. 2 US auto maker is also facing weaker profits in Asia-Pacific, where softer sales and intensifying price competition in China are dinging profits for the region.
Ford announced a plan to cut costs by $3 billion in early-May, which would reportedly boost its profits even if US auto sales continue to decline. Ford is also spending heavily on future technology, like self-driving and fully electric cars.
"We're as frustrated as you are by the stock price".
Ford's net income fell 35 percent to $1.6 billion in the first quarter. It expects to rake in 9 billion dollars this year, down 1.4 billion dollars from 2016.