Boeing plans to cut about 2,000 finance and HR jobs in 2023

Seattle, Feb. 7 (BNA): Boeing plans to make headcount cuts in the airline’s finance and human resources departments in 2023, with about 2,000 job losses, the company said.

“We expect to reduce about 2,000 primarily in finance and human resources through a combination of attrition and layoffs,” Boeing said in a statement on Monday. The Associated Press reported that “While no one has been notified of the job loss, we will continue to share information transparently to allow people to plan.”

The company, which recently moved its headquarters to Arlington, Virginia, said it expects “significant growth” in its overall workforce during the year.

“We increased Boeing’s workforce by 15,000 last year and plan to hire another 10,000 employees this year with a focus on engineering and manufacturing,” the statement said.

The company said that the total workforce at Boeing reached 156,000 employees as of December 31, 2022.

The Seattle Times reported that Boeing, once one of the largest private companies in Washington state, plans to outsource about a third of the cut jobs to Tata Consulting Services in Bengaluru, India.

Other positions will be eliminated as the company makes cuts to financial and human resources support services, Mike Friedman, senior director of communications, told the Times.

“Over time, some of our company’s functions have grown quite large. And with that growth tends to come bureaucracy or disparate systems that are inefficient,” Friedman said. “So we simplify.”

The Times reports that about 1,500 of the company’s roughly 5,800 jobs will be cut, with up to 400 more HR jobs cut, representing about 15% of the division’s total staff.

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