Boeing Co. will begin issuing layoff notices on Wednesday as part of a plan to reduce its workforce by 10%, affecting around 17,000 employees.
The cuts aim to streamline operations and regain competitiveness following several challenges, including a recent production halt and ongoing labor strikes.
However, with tight aerospace labor markets, Boeing risks losing skilled workers to rivals like SpaceX and Blue Origin, which are actively hiring in the Seattle area.
Experts warn that deep cuts could hinder Boeing’s long-term recovery, as it faces increased competition to retain talent and maintain production levels.
New CEO Kelly Ortberg emphasized the need for a leaner organization to boost efficiency, stating the layoffs are part of broader efforts to refocus on essential operations.
