Boeing to slash about 2,000 white-collar jobs in finance and HR – The Seattle Times, 2023/02/06
At the end of last month, on the same day that Boeing touted plans to hire 10,000 people this year, senior leadership convened virtual meetings internally to break bad news to nonunion staff in human resources and finance.
Despite the growth elsewhere, those corporate positions will be slashed through substantial job cuts and layoffs.
“We expect about 2,000 reductions this year primarily in Finance and HR through a combination of attrition and layoffs,” Boeing confirmed Monday.
Boeing is outsourcing about a third of those jobs to Tata Consulting Services in Bengaluru, India.
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About 1,500 jobs will be cut in finance, about a quarter of the roughly 5,800 total companywide, and up to 400 more in HR, about 15% of the total there.
Staff in those organizations, many of them longtime employees, are shellshocked by the news that their jobs may be gone later this year.
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Separately, in a blow to white-collar staff in all roles across the company, Boeing has begun requiring managers preparing employee annual performance reviews for 2022 to classify 10% of their staff as failing to meet all expectations.
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A senior manager in Boeing’s IT organization, who also spoke on condition of anonymity to protect his job, said it’s the first time in two decades he’s seen what was previously a soft guideline strictly enforced.
He said nonunion white-collar staff downgraded by the forced ranking will get significantly lower annual bonuses this month and reduced raises.
“We all had to revise our honest scores and make several downgrades,” the IT manager said. “To me, it’s unethical and it’s really got a lot of managers concerned.”
I want to propose legislation that states that if you take government contracts (getting paid by the taxpayer), you are required to have a certain percentage of your workforce in the U.S.
And how about the bit about revising employee reviews to reach a 10% negativity rating as a method to control labor costs? Why not just say we aren’t doing bonuses this year and be upfront about it?
News in Context 