On Monday, Boeing Co officially confirmed the planemaker plans to cut approximately 2,000 white collar jobs in its finance and human resources divisions using a combination of layoffs and regular attrition.
Boeing had stated last month it planned to cut some support positions, however it noted that it would also hire about 10,000 workers in 2023, following its hiring of 15,000 workers in 2022.
The company was confirming a Seattle Times report on Monday, which said the Arlington, Virginia-based company was expecting, “about 2,000 reductions this year primarily in finance and HR through a combination of attrition and layoffs.”
Boeing also revealed that it planned to outsource about a third of the jobs it was cutting to Indian consulting firm Tata Consulting Services.
In after-hours trading, Boeing was up 0.5% after closing up 0.4% to $206.81.
On Monday, the company said it would, “continue to simplify our corporate structure.” It had noted last month that it would, “lower staffing within some support functions” – a move designed to allow it to better apportion available resources to support development of new technologies, and the sales of existing products.
The cuts went considerably deeper than the firm indicated last year when it noted it was planning to cut about 150 jobs in finance in the United States in order to simplify its corporate structure, and allow it to allocate more resources to product development and manufacturing of existing products.