Boeing has begun handing out layoff notices to its employees, aiming to cut around 10% of its workforce as its chief executive outlined a vision of becoming a more streamlined organization. Aligning with its financial reality In a statement to Simple Flying, a Boeing spokesperson affirmed that the company has begun handing out layoff notices to its employees to adjust its workforce levels with its financial reality and a more focused set of priorities. “We are committed to ensuring our employees have support during this challenging time.
” The representative reiterated that most employees who have received the news that they are being let go will exit the company in mid-January 2025. If eligible, the to-be-former employees of the original equipment manufacturer (OEM) will receive severance pay, career transition services, and subsidized health care benefits up to 3 after leaving Boeing. Boeing’s spokesperson noted that reductions include attrition and concentrating backfills for open positions on business-critical priorities.
The money will provide a much-needed lifeline for the supplier. Building the future Boeing Kelly Ortberg, the president and chief executive officer (CEO) of Boeing, outlined those priorities in his opening remarks before the manufacturer’s Q3 earnings call on October 23. The CEO outlined four key priorities: a cultural change at the company, stabilizing the business, improving execution discipline, and building a new future for Boeing.
The latter .
