Boeing announced plans to cut about five percent of its commercial plane workforce as it adjusts its production ramp-up schedule. The company will reduce staff through a combination of layoffs and attrition, citing the need for additional time to stabilize its factories and supply chain. In a message to employees, Boeing commercial chief Stephanie Pope stated that the slower pace would help achieve stability, though the company acknowledged being overstaffed due to reduced aircraft output.
Pope highlighted recent operational improvements, including U.S. certifications this year for the 737 MAX 7 and 737 MAX 10. Despite progress, she emphasized that the company has not fully recovered and promised to handle layoff notifications with dignity and respect, beginning in December. Boeing had previously signaled slower production plans, pushing back its target for 737 MAX output to 52 from 47 until the second half of 2027.
CEO Kelly Ortberg noted in late October that greater predictability in wing and fuselage production was necessary. He acknowledged progress but cautioned that full stability would take longer. Shares of Boeing were down less than 0.1 percent after midday.