AI & Machine Learning

Read the memo Boeing sent staff announcing 2,500 job cuts in its airliner business

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Boeing's commercial airplanes division is implementing a 5% workforce reduction, impacting approximately 2,500 employees. This decision stems from the division being overstaffed due to difficulties in increasing aircraft production rates as planned. The cuts will be enacted through attrition and involuntary layoffs, with notifications beginning in December, affecting the company's largest business unit which recently reported a significant financial loss.

Read the full article at Business Insider

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