Boeing employees work on the 737 MAX on the final assembly line at Boeing's Renton plant, June 15, 2022 in Renton, Wash. The SEC announced Thursday, Sept. 22, 2022, that Boeing Co. will pay $200 million to settle allegations that the company and its former CEO misled investors about the safety of its 737 Max after two of the airliners crashed, killing 346 people. (Ellen M. Banner/The Seattle Times via AP, Pool, File)
Boeing is cutting 2,000 jobs in its human resources and finance departments in 2023.
“We expect about 2,000 reductions primarily in Finance and HR through a combination of attrition and layoffs,” Boeing said in a statement to AP. “While no one has been notified of job loss, we will continue to share information transparently to allow people to plan.”
As of the end of last year, Boeing employed 156,000 workers globally.
The cuts make up about 15 percent of the finance department. About a third of those positions will be outsourced to a consulting firm in India, according to a report from The Seattle Times.
The white-collar job cuts coincide with a hiring spree in Boeing's business, engineering, and manufacturing units that's designed to help the company catch up 0n jetliner production hampered during the pandemic.
Boeing last week said it expects to hire 10,000 workers in 2023, while acknowledging that it would "lower staffing within some support functions."
Fintech pioneer Tom Sosnoff discusses the evolution of retail investing, the rise of AI, and his new platform Lossdog aimed at the next generation of trading.
The FAA prepares to select cities for its eVTOL pilot program, marking a major step toward electric air taxis and the future of urban air mobility in the U.S.
Rising oil prices tied to the Iran conflict are driving up gas and airfare costs, creating new challenges for travelers heading into the spring break season.
The Supreme Court strikes down Trump-era tariffs, limiting presidential trade powers and raising questions about refunds, global trade, and business impact.
New research from GoDaddy and UCLA shows small businesses signal shifts in GDP, jobs, and digital growth earlier than traditional data or Wall Street trends.
GoFundMe launches Back in Business Fund with Paris Hilton to provide targeted grants helping women entrepreneurs recover and rebuild after natural disasters.
Samsung launches its “AI in Action Lab” in NYC, giving public high school students hands-on AI experience and tools to prepare for real world innovations.
