Boeing Co. announced late Friday that it plans to cut approximately 10% of its workforce, a move that surprised markets as the aerospace and defense giant continues to face significant financial ...

The CEO of Boeing told employees late Friday that the company plans to cut 10% of its total staff “over the coming months.” “Our business is in a difficult position, and it is hard to ...

Boeing will lay off 10% of its workforce in the coming months and cut its commercial jet production amid a month-old strike that has left the company burning through cash as its factories sit idle.

Boeing on Friday said it's cutting 10% of its workforce, or about 17,000 employees. In a memo on Friday, CEO Kelly Ortberg announced the layoffs, writing that the aerospace giant must make "tough ...

(AP Photo/Lindsey Wasson)(Lindsey Wasson / AP) Boeing said it plans to cut its workforce by about 10%, responding to the crisis facing the planemaker as it faces a drawn-out strike by workers and ...

In the coming months, Boeing plans to cut 10% of its staff, to “reset our workforce levels to align with our financial reality and to a more-focused set of priorities”, Ortberg says.

Boeing is slated to lay off more than 2,000 workers in Washington and Oregon following an announcement from the company saying it plans to cut 17,000 jobs, or about 10% of its global workforce.

Boeing plans to lay off 10 percent of its workforce. AP Boeing said it burned through $1.3 billion in cash during the quarter and lost $9.97 per share. Industry analysts had been expecting the ...

Boeing Co. said it plans to cut its workforce by about 10%, responding to the crisis facing the planemaker as it faces a drawn-out strike by workers and a worsening cash crunch. The reductions ...