Boeing Announces 10% Workforce Layoff Amid Financial Struggles
Boeing announced on November 13, 2024, that it would lay off 10% of its workforce, affecting approximately 17,000 employees across the United States. The decision comes in response to significant financial losses over the past five years, partly due to the fatal crashes of the MAX jets and production limitations imposed by the FAA. The layoffs will impact various sectors within the company, including machinists who recently agreed to a new labor contract.
