The Latest Breaking News from Kelly Ortberg

Boeing's problems are self-inflicted; they have nothing to do with outside pressure or the state of the market. Mismanagement, a lack of strategic vision, and giving short-term gains top priority over long-term development have destroyed public confidence and shareholder value.

Boeing has delivered layoff notices to more than 400 members of its professional aerospace labor union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its Machinists union

Boeing has announced significant layoffs, affecting 17,000 employees. This comes amidst a series of challenges for the aerospace giant.

Boeing said Tuesday that it delivered 14 aircraft in October, but production will likely take several weeks to return to normal after a worker strike that hit operations at two major assembly plants.