Reported about 22 hours ago
Boeing has announced plans to lay off approximately 17,000 employees, constituting about 10% of its workforce, as the company grapples with significant financial losses and a strike by union workers that has severely hindered airplane production. The layoffs will affect executives, managers, and non-union employees, with the company also delaying the rollout of its new 777X airplane to 2026. Since early 2019, Boeing has lost over $25 billion, with the strike directly impacting cash flow due to halted deliveries of its popular aircraft models.
Source: YAHOO