Boeing to cut approximately 17,000 jobs over the coming months CEO Kelly Ortberg announced the plans in a letter to employees on Friday.

Layoffs have hit companies from Oracle to Meta to Intel this year amid a backdrop of cost-cutting and technological change.

Boeing is being hit with its second strike in less than a year after 3,200 hourly workers walked off their jobs building military aircraft.

Boeing Workers Who Make Fighter Jets Go on Strike About 3,200 machinists in St. Louis walk off the job after failing to reach an agreement on wages and retirement benefits.

Boeing will cut approximately 17,000 jobs over the coming months, reducing the total size of its workforce by about 10%.