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Boeing To Lay Off Hundreds of Engineers Amid Sales Slowdown (reuters.com)
According to Reuters, Boeing has warned its employees that it "planned another round of involuntary layoffs that would affect hundreds of engineers at its commercial airplanes unit." From the report: The latest job cuts followed a prior involuntary reduction of 245 workers set for May 19 as the company responded to increasing competition and slowing aircraft sales. The additional layoffs are due to start June 23, according to the memo from John Hamilton, vice president of engineering at Boeing Commercial Airplanes. "We are moving forward with a second phase of involuntary layoffs for some select skills in Washington state and other enterprise locations," the memo said. "We anticipate this will impact hundreds of engineering employees. Additional reductions in engineering later this year will be driven by our business environment and the amount of voluntary attrition."
Some exec is looking at the millions he saved by getting rid of all that pesky R&D/QA and going, "Man, can you believe we spent millions on personnel who just made sure stuff worked right? Good thing that's all going to my fat bonus now."
Why are the engineers always being fired first? Guess it's being something thougth by some random MBA course or something?
The Art of the Deal is about "self interest" not what aligns with everyone else. Wny would anyone think he was running for office out of the goodness of his heart? The "Art" is in exploiting people dim wits.
Did you believe Bernie when he said that he would make healthcare and college education free?
Econ 101 - there is no such thing as a free lunch.
I partially wanted to see Bernie win - just so I could see him squirm when it came time to deliver on all the free stuff he promised.
Nope we are beginning to see the effect of Trump's electronics ban on Gulf airlines. They are moving orders away from Boeing to Airbus
**Life is too short to be serious**