this post was submitted on 14 Oct 2024
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Economy

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Boeing to lay off 10% of staff, delay first 777X delivery (www.dw.com)
submitted 9 months ago by tuxbot to c/economy@lemmy.world
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[โ€“] JRepin@lemmy.ml 14 points 9 months ago (1 children)

Boeing's new CEO announced layoffs for 17,000 employees in order to "stay competitive."

Was Boeing trying to "stay competitive" when it spent $68B on dividends and stock buybacks over the past decade?

Or when it handed out multi-million dollar golden parachutes to failed CEOs?

โ€” Robert Reich