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Boeing Will Lay Off Nearly 7,000 Workers Due to Coronavirus

Lou Whiteman, The Motley Fool
·2-min read
Boeing Will Lay Off Nearly 7,000 Workers Due to Coronavirus

Boeing (NYSE: BA) on Wednesday said it was laying off 6,770 U.S. workers, part of a broader effort to right-size the business and help the company weather the COVID-19 pandemic. The company said in early April it would offer early retirement and buyout packages to its workforce, part of a broader retrenchment in response to an expected fall in demand for new commercial aircraft. CEO Dave Calhoun in a letter to employees detailing the cuts said “I wish there were some other way” but the company believes it needs to adjust employment levels based on expected demand.

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