Amid an ongoing strike by around 33,000 machinists, Boeing has implemented a hiring freeze and announced significant cost-cutting measures, which include pausing pay raises, eliminating non-essential travel, and potentially considering temporary furloughs for employees. The strike follows a rejected contract proposal that included a 25% pay raise over four years, with union members demanding a 40% increase and the reinstatement of pensions. CFO Brian West expressed that the company's current situation is precarious, stating that the strike jeopardizes Boeing's recovery efforts after reporting substantial financial losses. The strike has brought production of key aircraft models to a standstill, raising concerns about delivery delays. Union representatives plan to meet with federal mediators to negotiate a new contract, while workers express dissatisfaction over the company’s offer, which they feel does not adequately reflect their contributions. Boeing is taking these measures to preserve cash and safeguard its future amidst this challenging period.