'Petty moves' | Boeing to layoff 10% of global workforce

Boeing plans to lay off about 10% of its global workforce in the coming months, blaming a strike that is crippling production, including the roll-out of its new 777X aircraft.

New CEO Kelly Ortberg told staff in a memo Friday that the job cuts will include executives, managers and employees, amounting to 17,000 people in total. It had already imposed rolling temporary furloughs, but those will be suspended because of the impending layoffs.

It means a delay to the launch of the 777X to 2026 instead of 2025. It will also stop building the cargo version of its 767 jet in 2027 after finishing current orders.

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The aircraft giant has lost more than $25 billion since the start of 2019. Union machinists have been on strike since September and recent talks failed to secure a deal to end it.