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."
Whether it’s a deepfake video of actor Tom Cruise discovering gum in a lollipop or President Joe Biden discouraging people from voting via telephone, you’ve likely come across a deepfake video, photo or audio recording.
Tensions in the South China Sea, Apple moving to India, and banning TikTok? The podcast ‘Face Off: The U.S. Versus China’ helps explain how we got here.
Cust2Mate is a leading innovator in retail technology, aiming to revolutionize the shopping experience. By implementing smart cart technology, the tech company addresses the issue of theft while enhancing the shopper's journey.
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
As we head into the second quarter, there’s an argument in favor of buying Boeing stock. Why? As one expert says, ‘there’s nowhere else to get planes.’
With inflation and prices still on the rise, it might be worth considering a carpool app. One of them, Singapore-based Ryde, just went public in the U.S.