Boeing to lay off 10% of staff, delay first 777X delivery – DW – 10/12/2024
www.dw.com
The aerospace giant warned in an email that employees at all levels of the company are at risk. It comes as a strike by factory workers cripples airplane production.
  • Jure Repinc@lemmy.mlEnglish
    14·
    12 hours ago

    Boeing’s new CEO announced layoffs for 17,000 employees in order to “stay competitive.”

    Was Boeing trying to “stay competitive” when it spent $68B on dividends and stock buybacks over the past decade?

    Or when it handed out multi-million dollar golden parachutes to failed CEOs?

    — Robert Reich

    • Fixbeat@lemmy.ml
      7·
      12 hours ago

      Just trying to make sure that they aren’t slacking in the greed department. That’s really the primary competition these days.