Aerospace company Boeing announces major layoff – Aerospace company Boeing may cut its employees by 10 percent due to a loss of $ 8 billion in the coming year, the company has recently announced the cut. As a result, it has been decided to fire about 17000 employees. This decision is considered to be the biggest layoff in human resources. This move of the company is part of an effort to reduce rising costs and improve the financial situation.
Apart from this, Boeing has announced a halt in the production of 767 and 777X aircraft from 2027. This decision has been taken to maintain a peaceful and safe environment in Boeing’s industry. However, a senior official of the company has taken this step only in imperative circumstances and is trying to continue working on the projects.
Employee organizations have questioned the importance of this step and its impact on the situation. The company is hoping that their tough decisions will help reduce costs and balance the workforce. This indicates that Boeing is constantly studying new innovative human resource models and work systems to keep its industry alive.
