Boeing has announced a significant workforce reduction, cutting 10% of its employees, or approximately 17,000 jobs, due to ongoing strikes by union-represented machinists and financial pressures. CEO Kelly Ortberg outlined the necessity for these layoffs amid a cash crunch and delays in aircraft production, notably the 777X, which is now set for delivery in 2026. The company has faced criticism for its negotiation tactics with the International Association of Machinists and Aerospace Workers, who rejected a contract offer that included a 30% pay raise. Boeing claimed the union's demands were unsustainable, contributing to the breakdown of negotiations. This workforce reduction will affect all levels of staff, including executives and managers, and is part of broader efforts to restore the company's competitiveness. The layoffs come as Boeing anticipates reporting significant losses in its upcoming financial results, further complicating its recovery efforts.