Boeing will reduce its workforce by 10% in the coming months, CEO Kelly Ortberg said in a letter to employees Friday. That means a reduction of approximately 17,000 jobs, based on the company's total workforce figures from December 2023.
Ortberg noted that the staff cuts will push the timeline for the 777X program to 2026, while the 767 freighter program is now set to end in 2027, Reuters reported. Ortberg mentioned that the company expects to face "substantial new losses" in its Boeing Defense, Space & Security division this quarter, highlighting ongoing challenges within the organization.
