Boeing to cut 10% of workforce as it sees big Q3 loss

Boeing announced plans to cut 10% of its workforce, eliminating 17,000 jobs globally, as it faces a large Q3 loss. The decision comes amid a monthlong strike by 33,000 workers and other challenges. The company is delaying the 777X delivery to 2026 and will cease 767 Freighter production in 2027. Boeing cited near-term challenges and the need for strategic decisions to remain competitive long-term.READ FULL