Connect with us

Hi, what are you looking for?

Smart Income LibrarySmart Income Library

Tech News

Boeing is cutting 10 percent of its workforce

Alaska Airlines At Los Angeles International Airport
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…

You May Also Like

Politics

Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

Politics

In the final three weeks of the presidential race, former president Donald Trump and his advisers have attacked one particular foe more than three...

Politics

MADISON, Wis. — Early voting kicked off in this battleground state this week with computer delays and long lines. Voters waited as long as...

Politics

“And there’s very few states that benefit like you do from fracking. I mean, you have 500,000 jobs.” — Former president Donald Trump, remarks...