Boeing has laid off Hundreds of Workers in Washington state and California

Boeing, one of the biggest aerospace companies in the world, has laid off hundreds of workers in Washington state and California. This is part of a bigger plan to reduce its workforce, according to the Associated Press. The layoffs are meant to help Boeing handle financial problems and focus on its key business needs.

The report said that almost 400 employees in Washington state and over 500 in California were laid off. This is part of a bigger plan to reduce Boeing’s global workforce by about 17,000 jobs.

Boeing had already said it plans to cut 10% of its workforce in the next few months. This move is part of the company’s plan to recover from the financial and operational challenges it has faced in recent years.

Read also  - Adani Group’s Krishnapatnam Port Secures Government Extension for Petroleum Imports

The company is working to restart production of its popular aircraft 737 MAX, which was affected by a nearly two-month strike with over 33,000 workers on the West Coast. Although the strike slowed production of many of Boeing's planes, CEO Kelly Ortberg said the layoffs weren’t caused by the strike. Instead, they were due to having too many employees in certain roles.

The latest round of layoffs affected a variety of roles, including engineers, recruiters, and analysts, across Boeing’s commercial, defense, and global services divisions. Notices were filed with state employment agencies, with the first round affecting around 3,500 employees nationwide.
Boeing has stated that most of the laid-off workers will stay on the payroll for about two months. They will also receive severance pay, career transition support, and subsidized health insurance for up to three months.

Boeing spokesperson said,  “As announced in early October, we are adjusting our workforce to align with our financial situation and focus on key priorities,” 

Reason of layoff

The layoffs are due to Boeing’s financial troubles, which began after two crashes of its 737 Max jet in 2018 and 2019 that killed 346 people. The company’s problems worsened in January when a panel came off the fuselage of an Alaska Airlines plane.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Advertisment

Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.