Saturday, October 12, 2024

Boeing to Lay Off Roughly 10% of Its Workforce

The CEO of Boeing told employees late Friday that the company plans to cut 10% of its total staff "over the coming months."

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Comments

This is what can happen when MBAs take over a company formerly run by engineers.

The apparent diversion of the company's revenue towards the wealthy shareholders and management, and away from quality looks like it has taken its toll.

#1 | Posted by LampLighter at 2024-10-12 12:45 PM

Wow, did not know there was so much crime at Boeing.

#2 | Posted by LegallyYourDead at 2024-10-12 03:01 PM

@#2 ... Wow, did not know there was so much crime at Boeing.

Here's another opinion...

How did Boeing buy out McDonnell Douglas, a failing airframe manufacturer, to then end up with MD's failed management team running Boeing? (2022?)
www.quora.com

... Brad Weisenheimer
Pilot (1978 - present)
Author has 2.2K answers and 2.6M answer views2y

Boeing was a cooperative engineering company, but Douglas executives were expert back stabbing marketing pro's, all jockeying for position at the top at all cost.

The Boeing sheep invited the Douglas wolves into the tent, with predictable results. SPEEA, Society of Professional Engineering Employees in Aerospace, was the pride of Boeing.

Under the McDonald Douglas management their Union was outsourced and destroyed, Boeing was no longer an engineering aerospace company, they were now Walmart. ...


#3 | Posted by LampLighter at 2024-10-12 08:02 PM

Another view...

Boeing's Shift from Engineering Excellence to Profit-Driven Culture: Tracing the Impact of the McDonnell Douglas Merger on the 737 Max Crisis (January 2024)
airguide.info

... Boeing's journey, particularly with its 737 Max, reflects a dramatic shift in the company's core values and operational philosophy, a change significantly influenced by its late-1990s merger with McDonnell Douglas.

This pivotal event marked a departure from Boeing's storied commitment to engineering superiority and a safety-first mindset, pivoting towards a business model heavily emphasizing cost efficiency and rapid production, often at the expense of product quality and safety. ...


#4 | Posted by LampLighter at 2024-10-12 08:06 PM

Capitalism is a fast race to the bottom.

#5 | Posted by TFDNihilist at 2024-10-12 10:09 PM

Gotta make the Master's Rich.

Shareholder Value and Such.

Get Back to Work.

#6 | Posted by Effeteposer at 2024-10-12 11:11 PM

@#6 ... Gotta make the Master's Rich. ...

So sez Pres Putin?


#7 | Posted by LampLighter at 2024-10-12 11:28 PM

Yeah, many years ago my father worked for Pratt and Whitney and their union, the IAM, went on strike and after a long, and nightmarish fight, the company broke the union, and life became hell for the workers when they returned. I wish the Boeing workers well, wish there were a way for the workers to own the company.

#8 | Posted by Hughmass at 2024-10-13 06:17 AM

@#6 ... Gotta make the Master's Rich. ...
So sez Pres Putin?
#7 | Posted by LampLighter at 2024-10-12 11:28 PM

"The Kremlin says his annual income is about $140,000"

"Calhoun's total compensation in 2023 was $32.8 million, a 45% increase from the $22.6 million he received for 2022. And it could have been a lot more: He declined to accept his annual incentive bonus of $2,800,000 " a request the board said he made after part of a Boeing 737 Max plane blew off the side of an Alaska Airlines flight in January, kicking off a series of federal investigations, a temporary grounding, executive ousters and another embarrassing public relations blunder for the company."

Ironically, US-fed capitalists also hate democracy. Sisters!

#9 | Posted by redlightrobot at 2024-10-14 01:26 AM

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