RENTON, Wash. — A source vetted by KING 5 has shared a timeline of Boeing's planned layoffs of 10% of its workforce.
The job cuts will include executives, managers and employees, according to information previously released by the company.
Information shared with KING 5 indicates the following timeline for layoffs:
- Nov. 13-15: Managers receive and deliver layoff notices
- Nov. 18: Employees receive all layoff documents in Worklife and become eligible for career transition services
- Nov. 20: Employees attend a virtual live layoff briefing
- Jan. 2: Deadline to complete layoff documents in Worklife
- Jan. 17: Last day on payroll
Boeing confirmed the timeline on Thursday afternoon.
"As we’ve previously shared with our team, most affected U.S. employees will be notified mid-November and leave the company on Jan. 17," the company said in a statement. "We are supporting these teammates with additional resources such as severance pay and career transition services."
The layoff notices come amid a strike of over 33,000 Boeing machinists that has brought much of the company's jet production to a halt. However, the company indicated that striking employees are not currently impacted by the planned job cuts, suggesting that the layoffs are not related to the strike, but instead to new Boeing CEO Kelly Ortberg's plans to "re-focus" the company.
In addition to layoffs, Boeing said it planned to build and deliver the remaining 767 freighters that have been ordered and then end the commercial program in 2027. It will continue to produce the KC-46A tanker. The company will also evaluate its Boeing Defense, Space & Security program, which is one of the world’s largest defense and space contractors.
Boeing is attempting to dig itself out of a years-long financial hole that began with the fatal 737 Max 8 crashes in 2018, which is the last year that the company was profitable, according to the Associated Press.
The door-plug blowout from earlier this year and the ongoing strike, which is estimated to be costing the company $1 billion a month, are mounting further challenges to the aerospace giant's financial recovery.
KING 5's Allison Sundell contributed to this report.
