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Boeing has initiated layoffs, affecting approximately 10% of its workforce, as part of a strategy to streamline operations. The company is aligning its workforce with financial realities and focusing on key priorities, according to a Boeing spokesperson who confirmed the issuance of layoff notices.
"We are committed to ensuring our employees have support during this challenging time," said the spokesperson. Employees affected by the layoffs will leave Boeing in mid-January 2025 and may receive severance pay, career transition services, and subsidized healthcare benefits for up to three months post-departure.
Kelly Ortberg, Boeing's CEO, emphasized four main priorities during an earnings call: cultural change, business stabilization, improved execution discipline, and building a new future for Boeing. These goals include reducing inefficiencies and non-essential activities within the company.
