Boeing to lay off 10% of its workforce

ALBAWABA – The Boeing Company, the world’s largest aerospace manufacturer and leading maker of commercial airliners, defense, space and security systems, announced plans to lay off approximately 10% of its employees in the coming month.

Boeing lays off employees

Boeing CEO Kelly Ortberg informed employees Friday that the company plans to lay off about 10% of its workforce in the coming months.

“Our business is in a difficult situation and it is difficult to overstate the challenges we face together. Beyond our current environment, restoring our business requires difficult decisions and we will need to make structural changes to ensure we can remain competitive and meet our customers’ expectations over the long term,” Ortberg said in his statement. latest announcement to company employees.

^{Boeing has recorded more than $33 billion in losses over the past five years, faced multiple safety incidents and increased regulations from authorities. (Shutterstock)}

The company did not specify the total number of layoffs, but Boeing employs 171,000 people worldwide, including 147,000 in the United States in 2024.

Boeing’s recent challenges

It’s worth noting that Ortberg joined Boeing as CEO just two months ago. The company is currently facing significant challenges, including a strike involving approximately 33,000 employees.

Additionally, Boeing has recorded more than $33 billion in losses over the past five years, faced numerous safety incidents and increased regulations from authorities.

Over the past five years, Boeing has faced various challenges, including two fatal accidents involving its best-selling 737 Max in 2018 and 2019. Additionally, 2020 was particularly difficult for the company due to the financial impact of the COVID-19 pandemic, according to CNN.