Boeing layoffs: Company plans to cut 17,000 jobs, issued notice
: Boeing layoffsThe company has begun issuing layoff notices to 17,000 employees, which is 10 percent of its global workforce. According to a Reuters report, the employees who received notices will remain on the payroll until January.
It's worth noting that federal rules require a 60-day notice period before firing an employee. “As previously announced, we are adjusting our workforce levels to align with our financial reality and a more focused set of priorities. We are committed to ensuring that our employees are well-equipped during this challenging time.” “, Boeing said in a press statement.
The report further states that employee morale is low after the announcement of major layoffs. The layoffs come amid the ongoing crisis at Boeing, which began in January this year when a door panel on a 737 Max aircraft flew off mid-flight.
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