Layoffs wave continues: Boeing to cut 2000 jobs

After startups and tech, now aerospace industry has also announced its plans for layoffs. The U.S planemaker Boeing, in a statement, said that the company expects about 2,000 reductions primarily in Finance and HR through a combination of attrition and layoffs.

The move comes as the company puts more of its resources into "products, services and technology development".

"While no one has been notified of job losses yet, we will continue to share information transparently to allow people to plan. The company, which recently relocated its headquarters to Arlington, Virginia, said it expects to “significantly grow” the overall workforce during the year," the company said.

It will outsource some of the roles to Tata Consulting Services, a unit of one of India's largest conglomerates.

Boeing's total workforce was 156,000 employees as of December 31, 2022, the company said.