Boeing has announced plans to cut approximately 17,000 jobs, or 10% of its global workforce, as the aerospace giant navigates a deepening financial crisis and a prolonged labor strike. In a message to employees, CEO Kelly Ortberg cited the need for difficult structural changes to maintain the company's competitiveness and long-term viability. The job cuts coincide with a month-long walkout by more than 33,000 factory workers, which has stalled production of the company’s best-selling 737 MAX aircraft. While Boeing management asserts these measures are necessary for financial recovery, union leaders have criticized the move, arguing that the focus should remain on fair contract negotiations. Market analysts indicate that the layoffs, combined with further delays to the 777X program, highlight the significant hurdles Boeing faces in stabilizing its operations and restoring public trust in its manufacturing processes.