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 follow 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 300…

Continue reading…

You May Also Like

Editor's Pick

In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

Tech News

Image: Becca Farsace / The Verge Instagram is a popular place to show off your latest photos, but if you’re a real photography enthusiast,...

Tech News

Rufino Choque, from the Urus Indigenous community, stands over a boat in the middle of the extinct Poopó Lake, which disappeared in 2015. |...

Politics

When word first broke that Joe Biden would be sitting down with Howard Stern for a live interview Friday on his SiriusXM show, it...

Generated by Feedzy