The latest round of job cuts. Yes, they still exist
Boeing saying it's gonna shed 2000 workers
and its finance and human resources departments,
the stock higher on the news and amid a broader market rally.
But these cuts coming after the plane makers said
last month it would add 10,000 workers this year.
After hiring 15,020 22
it did note some support rules would be cut
with internal job cuts Boeing noting it's outsourcing about a third
of the rules that is eliminating to tata consulting in India.
Of course on the implication there is looking for cheaper labor.
So Boeing facing pressure for years with the pandemic pausing new orders
and then of course there's two deadly crashes of its
7 37 max jets that killed everyone on board.
But the company with new leadership now trying to shore up its
finances amid this current economic environment and to keep growth happening.