Boeing To Cut Around 2K Finance and HR Jobs; Outsource Some To India

Vandana Singh

Tue, Feb 7, 2023, 8:23 AM1 min read

In this article:

Boeing Co (NYSE: BA) expects to cut about 2,000 positions in finance and human resources via attrition and layoffs.
Last month, the plane maker announced it would hire 10,000 workers in 2023 after hiring 15,000 people in 2022 but said some support positions would be cut.
The company confirmed a Seattle Times report Monday that it expects "about 2,000 reductions this year primarily in finance and HR through a combination of attrition and layoffs."
Boeing also confirmed outsourcing about one-third of those jobs to Tata Consulting Services in India.
Also Read: Boeing's Supply Chain Headwinds Cloud Near-Term Prospects, Analyst Says While Downgrading Stock.
Boeing said Monday that it will "continue to simplify our corporate structure." Last month, Boeing said it would "lower staffing within some support functions" - a move meant to enable it to align resources better
Last year, Boeing planned to cut about 150 finance jobs in the United States to simplify its corporate structure and focus more resources on manufacturing and product development.
Price Action: BA shares are up 0.45% at $207.75 during the premarket session on the last check Tuesday.

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

This article Boeing To Cut Around 2K Finance and HR Jobs; Outsource Some To India originally appeared on Benzinga.com

Analyst adjusts Nvidia stock price target ahead of earnings
This is what could happen next to Nvidia shares.
TheStreet
Don't Sit On Losses: How This Simple Rule Spared Investors From Meta's 77% Crash
The 7% sell rule is one of the tools nimble individual investors have that larger funds which hold large positions among a wide range of stocks may not.
Investor's Business Daily
Here's the Income and Net Worth You Need to Reach the Top 50% of American Households
Americans can improve their net worth through prudent budgeting and smart investments.
Motley Fool
Warren Buffett said he could make a 50% return on $1 million and predicted higher taxes. Here are 14 Q&A nuggets.
Warren Buffett teased a potential Canada bet, predicted Berkshire would surpass $200 billion in cash this quarter, and shrugged off dollar worries.
Business Insider
Bitcoin Drops. Why Almost Everyone Was Wrong About the ‘Halving.’
The halving is a change to Bitcoin’s programmatic monetary policy which cut in half the issuance of new tokens, restricting supply.
Barrons.com
Forget About ‘Timing the Market': Schwab Research Reveals the Optimal Way to Invest
Can investors realistically time the market to maximize returns, especially over the long term? According to a recent study from Charles Schwab, perfect market timing is practically impossible. The firm’s research showed that most investors are better off investing as soon as possible using a buy-and-hold strategy rather than trying to predict short-term peaks and […] The post Forget About ‘Timing the Market’: Schwab Research Reveals the Optimal Way to Invest appeared first on SmartReads by Smar
SmartAsset
Fed Chairman Powell finds lowering rates too easy to swallow
Fed Chairman Jerome Powell made some of the right moves, but failed the delayed gratification test and signaled that he would lower rates. Why? He bowed to political pressure, of course.
Fox Business
Time to Pounce: 2 Historically Cheap Ultra-High-Yield Energy Stocks That Are Begging to Be Bought Right Now
These supercharged energy income stocks -- with an average yield of 9.87% -- can really fatten your pocketbook.
Motley Fool
Nvidia Favorite SoundHound AI Delivers Beat-And-Raise Report
SoundHound AI, which counts Nvidia as an investor, beat estimates for the first quarter and with its sales guidance.
Investor's Business Daily
We're in Our Early 60s with $1.4 Million. Can We Afford to Withdraw $90k Per Year in Retirement?
There are going to be many factors that help you determine if you’re ready to retire to $90k per year for as long as you’ll need it. Withdrawing too much too soon heightens the danger of depletion, so determining a safe and sustainable withdrawal rate in retirement is crucial to ensure savings last your lifetime. […] The post We’re in Our Early 60s with $1.4 Million in Investments. Can We Afford to Withdraw $90k Per Year in Retirement? appeared first on SmartReads by SmartAsset.
SmartAsset

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Boeing To Cut Around 2K Finance and HR Jobs; Outsource Some To India

Recommended Stories

Analyst adjusts Nvidia stock price target ahead of earnings

Don't Sit On Losses: How This Simple Rule Spared Investors From Meta's 77% Crash

Here's the Income and Net Worth You Need to Reach the Top 50% of American Households

Warren Buffett said he could make a 50% return on $1 million and predicted higher taxes. Here are 14 Q&A nuggets.

Bitcoin Drops. Why Almost Everyone Was Wrong About the ‘Halving.’

Forget About ‘Timing the Market': Schwab Research Reveals the Optimal Way to Invest

Fed Chairman Powell finds lowering rates too easy to swallow

Time to Pounce: 2 Historically Cheap Ultra-High-Yield Energy Stocks That Are Begging to Be Bought Right Now

Nvidia Favorite SoundHound AI Delivers Beat-And-Raise Report

We're in Our Early 60s with $1.4 Million. Can We Afford to Withdraw $90k Per Year in Retirement?