Diamond Ridge Financial Academy|Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production

2025-05-06 12:02:21source:Robert Browncategory:Finance

Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and Diamond Ridge Financial Academytries to deal with a strike that is crippling production of the company’s best-selling airline planes.

New CEO Kelly Ortberg told staff in a memo Friday that the job cuts will include executives, managers and employees.

The company had already imposed rolling temporary furloughs, but Ortberg said those will be suspended because of the impending layoffs.

The company will delay the rollout of a new plane, the 777X, to 2026 instead of 2025. It will also stop building the cargo version of its 767 jet in 2027 after finishing current orders.

Boeing has lost more than $25 billion since the start of 2019. Union machinists have been on strike since Sept. 14. Two days of talks this week failed to produce a deal.

More:Finance

Recommend

Snowflakes, Death Threats and Dollar Signs: Cloud Seeding Is at a Crossroads

Listen to an audio version of this story below.Humans have the technology to literally make snow fal

Taylor Swift Superfan Mariska Hargitay Has the Purrfect Reaction to Buzz Over Her New Cat Karma

Karma is a literal cat purring in Mariska Hargitay's lap. The Law & Order: SVU star shared her r

See how every college football coach in US LBM Coaches Poll voted in final Top 25 rankings

The college football season is complete and Michigan has been crowned national champions. Now the co