Boeing announced that it will lay off 10% of its workforce in the coming months and cut its production in the wake of a labor union strike.

Boeing, the aerospace giant, is laying off 10% of its global workforce, approximately 17,000 employees, in a bid to cut costs and streamline operations. CEO Kelly Ortberg attributed the layoffs to financial challenges and the need to enhance competitiveness.

Boeing started issuing layoff notices Wednesday to 17,000 employees to cut 10% of its workforce in an effort to shore up the aerospace giant's shaky finances.

Boeing plans to cut 10% of its workforce. Employees learn their fate Wednesday. Non-frontline workers are targeted, though engineering and production won't be exempt.

Boeing Co. is notifying workers in North Charleston and its other locations this week whether they'll lose their jobs under a broad-based cost-cutting proposal

Boeing employees will learn if they will have a job in January. I mean, he really does have a point. Sen. Elizabeth Warren (D-Mass.) said Monday that President elect-Trump “and his transition team are already breaking” a law on presidential transition.