Boeing is a company that makes planes. They are having problems and plan to cut jobs. They will lay off about 17,000 workers, which is 10% of their employees. This is because they are not making money and there is a strike at their factories.
The CEO, Kelly Ortberg, told employees about the job cuts. The company has 170,000 workers around the world. Most of them work in Washington and South Carolina.
Boeing has lost a lot of money, more than $25 billion since 2019. A strike by 33,000 workers has been going on since September. The company also had a bad financial quarter, losing almost $10 per share.
Boeing is delaying making new planes and stopping making some others. The company is trying to save money and be competitive. The new CEO, Ortberg, has a tough job ahead to fix the company’s problems.
Boeing is facing challenges, but they are working hard to make things better for the future.
