The Latest Breaking News from Kelly Ortberg

Boeing reported a whopping $6.2 billion quarterly loss Wednesday as a nearly six-week labor strike weighed on its commercial plane division and costly problems dragged down its defense and space business.

Gold hits record high as conflict in the Middle East prompts investors to seek safe-haven assets

Boeing's CEO stressed in a memo that "tough decisions" and "structural changes" are essential for recovery. The measure will reach executives, managers, and employees.

Troubled company axing 10 percent of workforce after 33,000 walked off job, halting production of the 737 MAX, 767, and 777 jets

Boeing announced Friday that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in the Seattle region.

The aircraft manufacturing giant blamed work stoppages for its spiraling fortunes

US aviation giant Boeing plans to lay off about 10 percent of its workers in the coming months, about 17,000 people, as it projected a large third-quarter loss after a nearly month-long strike by 33,000 of its workers slowed production and caused executives to delay delivery of its 777X jet…

Boeing is announcing layoffs

New Boeing CEO Kelly Ortberg shared the news in a letter with employees Friday afternoon after the company reported losing nearly $10 a share in the third quarter of 2024.