Layoff News — October 2024

2 layoff headlines from October 2024.

October 11, 2024 · The Washington Post

Boeing to Cut 17,000 Jobs Amid Strike and Production Crisis

Boeing announced plans to reduce its workforce by about 10%, affecting 17,000 employees across the company. The cuts come as a prolonged machinists' strike halted production of the 737 MAX and 777 jets. The aerospace giant has been grappling with quality control issues, delayed deliveries, and billions in losses throughout 2024.

17,000 affectedView Boeing history →

October 1, 2024 · Healthcare Dive

CVS Health Cuts 2,900 Corporate Roles Amid Cost-Cutting Drive

CVS Health eliminated about 2,900 positions — roughly 1% of its 300,000-person workforce — as part of a $2 billion cost-cutting program, with no frontline store or pharmacy workers affected. CEO Karen Lynch cited 'continued disruption, regulatory pressures, and evolving consumer needs' amid pressure on its Aetna insurance unit and declining pharmacy reimbursement. The cuts hit primarily corporate roles.

2,900 affectedView CVS Health history →