Boeing To Cut 16,000 Jobs After Posting $1.7 Billion Loss In First Quarter"The demand for commercial airline travel has fallen off a cliff," said Boeing CEO Dave Calhoun. "The pandemic is also delivering a body blow to our business."
Boeing Offering Buyouts As It Projects Recovery Will Take YearsIn a memo to employees, Boeing CEO Dave Calhoun said the company is offering voluntary layoff packages that will provide exiting employees with pay and benefits.
General Motors Begins White-Collar Layoffs This WeekThe company says 2,200 white-collar employees took buyouts, while another 1,500 contract workers were let go.
Tribune Offers Buyouts To Newsroom StaffMore job cuts are coming at the Chicago Tribune.