Boeing Announces Layoff of Over 400 Workers Amid Financial Struggles

Boeing has issued layoff notices to over 400 members of the Society of Professional Engineering Employees in Aerospace as it embarks on significant job cuts amounting to 10% of its workforce. This decision follows a prolonged eight-week strike by machinists, which alongside financial and regulatory issues, has prompted the company to realign its staffing levels. The layoffs will impact engineers, scientists, and technical workers, with eligible employees receiving transition services and severance packages. Boeing has faced ongoing financial troubles, exacerbated by a production cap from the FAA and recent incidents affecting its aircraft.