Time to Fix Boeing Before It’s Too Late Once the glory of American invention and a worldwide leader in aerospace, the Boeing Company is today at a turning moment. Being a long-term value generator and supporter of shareholder interests drives me to draw attention to the systematic mistakes endangering Boeing's future.

Boeing is laying off 10% of its workforce, approximately 17,000 employees, in a move to cut costs and improve competitiveness. CEO Kelly Ortberg cited financial challenges and the need for structural changes.

Boeing announced that it will lay off 10% of its workforce in the coming months and cut its production in the wake of a labor union strike.

Boeing has started issuing layoff notices starting this week for 17,000 employees or 10 percent of its global workforce, according to Reuters. Boeing said on Wednesday it is issuing layoff notices starting this week to workers impacted by a broader plan by the heavily indebted planemaker to cut 17,