Boeing to lay off roughly 10% of its workforce

Boeing CEO Kelly Ortberg announced plans to cut 10% of the company’s workforce due to ongoing financial struggles and structural challenges.

Ortberg, who has been CEO for two months, is managing a strike by 33,000 workers and facing severe financial losses totaling $33 billion over five years.

Boeing has dealt with major safety issues, including fatal 737 Max crashes, and faces increasing scrutiny from regulators, CNN has reported.

read more: https://www.cnn.com/2024/10/11/business/boeing-to-conduct-layoffs/index.html

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