Connect with us

Hi, what are you looking for?

Tech News

Boeing is cutting 10 percent of its workforce

Photo by Kevin Carter / Getty Images

Boeing will be laying off “roughly” 10 percent of its workforce, president and CEO Kelly Ortberg announced in an email to staff on Friday. That number equates to 17,000 jobs, Reuters reports.

The layoffs will take place “over the coming months” and will include “executives, managers and employees,” Ortberg says. Leadership teams plan to share more information about how the layoffs will affect specific organizations in the company next week.

The announcement of layoffs follows what’s been an extremely difficult year for the company. In January, Boeing 737 Max planes were grounded after a hole blew in one mid-flight. In July, the company accepted a guilty plea deal over 737 Max crashes that happened in 2018 and 2019 and killed more than…

Continue reading…

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Politics

As President Biden meets with Chinese President Xi Jinping on Wednesday, the House select committee examining the United States’ relationship with China is set...

Stock

Shopify (SHOP) share value jumped by over 20% Thursday morning after stunning analysts with a sharp earnings beat and rosy guidance. The stock reached...

Politics

WILMINGTON, Del. — President Biden’s steadfast support for Israel is facing increasing pressure as some of his staunch supporters from within his party are...

Politics

In the weeks after the 2020 election, an obscure Republican lawmaker from Louisiana led a congressional effort to overturn the presidential results in four...