Boeing has announced temporary furloughs for a significant number of US-based employees, including executives and managers, in response to a strike by approximately 33,000 machinists that began last week. The strike, which follows the rejection of a pay proposal, has halted production of key models like the 737 Max, prompting CEO Kelly Ortberg to implement cost-saving measures to preserve cash flow. Affected employees will take one week of furlough every four weeks, while senior executives will also face pay cuts. Ortberg emphasized that critical operations, including safety and certification programs, will continue despite the furloughs. The company is actively negotiating with the International Association of Machinists for a new contract, but the ongoing strike poses substantial challenges to Boeing's recovery efforts. With losses estimated at $100 million per day due to the strike, the situation remains precarious for the aerospace manufacturer.