Boeing lays off 5% of its commercial airplanes division, axing roughly 2,500 jobs
Aircraft manufacturer Boeing is laying off 5% of its commercial airplanes division, which ran at a nearly $700 million loss last quarter.
TL;DR
- Boeing is laying off 5% of its commercial airplanes division.
- The division incurred a loss of nearly $700 million last quarter.
- This represents a significant workforce reduction in response to financial difficulties.