Boeing to lay off roughly 2,200 Washington workers 5 days before Christmas

Published On Nov 19, 2024, 8:30 AM

Boeing has announced layoffs of approximately 2,200 workers in Washington state and additional job cuts in South Carolina, Oregon, and Missouri as part of a broader plan to reduce its global workforce by 17,000 positions, or 10%. These layoffs come just before the holidays and are part of Boeing's strategy to better align its workforce with its current operational needs and financial realities. The company plans to provide eligible employees with severance pay and career transition services.

Stock Forecasts

The announcement of significant layoffs just before the holiday season likely reflects deeper financial struggles within Boeing, contributing to negative sentiment around the stock. Additionally, ongoing operational challenges and recent strikes may further influence investor confidence.

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