Boeing Issues Layoff Notices to 17,000 Employees
Boeing has commenced the process of issuing layoff notices to 17,000 of its employees, a move set to reduce its workforce by 10%. This reduction comes as part of Boeing’s strategic efforts to stabilize its finances amid significant challenges impacting the aviation industry, particularly due to the reduced demand for air travel and aircraft orders resulting from recent global events. The job cuts primarily affect divisions related to aircraft manufacturing and corporate support services, with the layoff process taking place gradually over the coming months.
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