Reported about 7 hours ago
Jim Cramer voiced his worries about Boeing's financial health following the company's announcement of laying off 17,000 employees amid ongoing safety issues and worker strikes. Cramer criticized Boeing's decision not to raise capital earlier and noted the company's ongoing struggles, including grounded planes and a delayed spacecraft. The job cuts, representing about 10% of the workforce, come as Boeing's management seeks to align staffing with the company's financial challenges and future recovery plans.
Source: YAHOO