Boeing to lay off 17,000 employees to 'stay competitive'

In a message to employees, Boeing President and CEO Kelly Ortberg has announced that the company is reducing the size of its total workforce by 10 percent. That means Boeing is cutting roughly 17,000 jobs, including executives and managers, over the coming months. Ortberg, who only took the helm back in August, explained that the company has to "make structural changes" to ensure it can "stay competitive" and deliver for its customers over the long term. Ortberg announced the upcoming layoffs in...