Loading...
Market
Will Boeing announce further job cuts in 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official press releases from Boeing
Story
Boeing to Cut 17,000 Jobs, Delay 777X Delivery to 2026 Amid Strike
Oct 11, 2024, 09:10 PM
Boeing announced it will cut approximately 17,000 jobs, representing 10% of its global workforce, as it grapples with financial challenges and an ongoing machinist strike that has entered its fifth week. The company also revealed plans to delay the first delivery of its 777X jet to 2026 and end the production of its 767 freighter in 2027. CEO Kelly Ortberg cited substantial losses in Boeing's defense sector and a worsening cash crunch due to the month-long strike that has halted production of key models like the 737 MAX. These measures are part of Boeing's efforts to reset priorities and remain competitive in the long term. Boeing's stock was down 2.05% in after-hours trading.
View original story
Similar markets
17,000 • 25%
More than 17,000 • 25%
Less than 17,000 • 25%
No further cuts • 25%
Successful restructuring with improved financials • 25%
Partial success with moderate improvement • 25%
No significant improvement • 25%
Further decline in financial performance • 25%
Less than 10,000 layoffs • 25%
10,000 to 17,000 layoffs • 25%
More than 17,000 layoffs • 25%
Layoffs reversed • 25%
Yes, a major restructuring plan is announced • 25%
No major restructuring plan announced • 25%
Minor restructuring plans announced • 25%
No announcements related to restructuring • 25%