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."
David Branch of Wells Fargo explains why cocoa prices are falling but some candy costs remain high and when consumers may finally see relief at checkout.
Colonel Chris Hadfield, astronaut and best-selling author, breaks down Artemis II and why NASA’s next crewed mission is key to returning humans to the Moon.
Ben Geman, Energy Reporter at Axios, explains how the Iran war could reshape global energy—disrupting supply, shifting power, and accelerating a new regime.
Emily Peck, National Correspondent at Axios, explains why office vacancies hit 21% despite RTO pushes, highlighting a lasting shift in how Americans work.
Tobias Bauer, CEO & President of Rolling Stock at Siemens Mobility North America, shares insights on a $220M investment reshaping U.S. rail infrastructure.
Kory Kantenga from LinkedIn unpacks how the US added nearly 3x the expected jobs in March, and whether it can last as the Iran war reshapes the economy.