Boeing expects to cut about 2,000 white-collar jobs this year in finance and human resources through a combination of attrition and layoffs, the US planemaker confirmed Monday.
Last month, the Arlington, Virginia-based company 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 it expects "about 2,000 reductions this year primarily in finance and HR through a combination of attrition and layoffs".
Boeing also confirmed it is outsourcing about one-third of those jobs to Tata Consulting Services in India.
The company's shares closed up 0.4 per cent to $206.81 and were up 0.5 per cent in after hours trading.
Boeing said Monday it will "continue to simplify our corporate structure." Last month, Boeing said it will "lower staffing within some support functions" - a move meant to enable it to better align resources to support current products and technology development.
Last year, it said it planned to cut about 150 finance jobs in the United States to simplify its corporate structure and focus more resources into manufacturing and product development.
ADNOC and Gecko Robotics have expanded their strategic partnership with three new agreements to explore deploying robotics and artificial intelligence (AI) across ADNOC’s operations and boosting future skills training for UAE nationals.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and Chairman of the Board of the Federal Tax Authority (FTA), chaired the latest FTA Board meeting, during which he reviewed development projects.
Al Marwan Developments has launched its pioneering project, “District 11”, the UAE’s first smart work resort designed using artificial intelligence, setting a new benchmark for urban innovation and economic vitality in Sharjah and the wider UAE.