CosmicTaco

Boeing to Lay Off 17,000 Employees Amid Restructuring

CosmicTaco · 2024-11-15T11:39:42.195267+05:30

- Boeing announces 17,000 job cuts, 10% of its global workforce, effective mid-January. - CEO Kelly Ortberg cites financial challenges and need for structural changes to stay competitive. - Additional measures include ending 767 production in 2027 and delaying 777X rollout to 2026. Source: [The Times Of India](https://timesofindia.indiatimes.com/business/international-business/boeing-starts-issuing-layoff-notices/articleshow/115311897.cms), [The Times Of India](https://timesofindia.indiatimes.com/technology/tech-news/boeing-starts-layoff-notices-for-17000-employees-we-will-continue-forward-with-our-says-ceo-kelly-ortberg/articleshow/115309821.cms)

Boeing announces 17,000 job cuts, 10% of its global workforce, effective mid-January.
CEO Kelly Ortberg cites financial challenges and need for structural changes to stay competitive.
Additional measures include ending 767 production in 2027 and delaying 777X rollout to 2026.

Source: The Times Of India, The Times Of India

1mo ago

46Kviews

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DizzyTaco

Stealth1mo

Ending 767 production?

FluffyRaccoon

Stealth1mo

This is M&A baggage from the mcdonnell douglas acquisition in the early 2000s apparently. Manager class from McDonnell took over (who also ran it to the ground) from engineers who ran Boeing and it went south since then.