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Boeing to lay off 10% of staff, delay first 777X delivery (www.dw.com)

submitted 4 days ago by [email protected] to c/[email protected]

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[–] [email protected] 14 points 4 days ago (1 children)

Boeing's new CEO announced layoffs for 17,000 employees in order to "stay competitive."

Was Boeing trying to "stay competitive" when it spent $68B on dividends and stock buybacks over the past decade?

Or when it handed out multi-million dollar golden parachutes to failed CEOs?

— Robert Reich

[–] [email protected] 7 points 4 days ago

Just trying to make sure that they aren’t slacking in the greed department. That’s really the primary competition these days.