Boeing to Cut 17,000 Jobs Amid Financial Challenges

The aerospace giant initiates layoffs, affecting 10% of its workforce, following a turbulent year of strikes and production setbacks.

Boeing's layoffs are part of a plan to reduce its workforce by 10% to address financial instability and inefficiencies.
The job cuts follow a recent end to a major strike by 33,000 machinists that halted production for nearly two months.
New CEO Kelly Ortberg is leading efforts to stabilize the company, focusing on reviving production of the 737 MAX.
Employees affected by the layoffs will remain on the payroll until January, in compliance with federal notice requirements.
The layoffs are part of broader structural changes aimed at maintaining Boeing's competitiveness and financial health.