Boeing to cut 2,000 jobs; outsource a chunk of those to TCS, Bengaluru

Finance, HR teams to receive most pink slips; aerospace major to hire another 10,000 employees this year with a focus on engineering and manufacturing

Boeing job cuts
Representational image: iStock

US-based aerospace giant Boeing plans to make staffing cuts in its finance and human resources departments in 2023, with a loss of around 2,000 jobs. “We expect about 2,000 reductions, primarily in Finance and HR, through a combination of attrition and layoffs,” Boeing said in a statement on Monday. “While no one has been notified of job loss, we will continue to share information transparently to allow people to plan.”

The company, which recently relocated its headquarters to Arlington, Virginia, said it expects to significantly grow the overall workforce during the year. “We grew 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.

Also read: Dell to cut 6,600 jobs as PC sales record sharp decline

Boeing’s total workforce was 156,000 employees as of December 31, 2022, the company said.


Positions moving to Bengaluru

The Seattle Times reported that Boeing, which has been one of the largest private employers in Washington state, plans to outsource about a third of the eliminated positions to Tata Consulting Services in Bengaluru.

Mike Friedman, a senior director of communications, told the Times the other positions will be eliminated as the company makes reductions in finance and human resources support services.

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

The Times reported about 1,500 of the companies approximately 5,800 finance positions will be cut, with up to 400 more job cuts in human resources, which is about 15 per cent of the department’s total staff.

With agency inputs