Boeing to Slash 17,000 Jobs, End 767 Cargo Plane Production

Boeing also announced it will further delay the launch of its new model 777X plane.

A Boeing 737 MAX aircraft is assembled at the company's plant in Renton, Washington, on June 25, 2024. Jennifer Buchanan/Pool via Reuters

Boeing has announced it will lay off 10 percent of its workforce in the coming months and end production of its 767 cargo airplane after it completes current orders for some two dozen jets.

Around 17,000 jobs will be cut as part of the reduction, with Boeing also announcing it will further delay the launch of 777X, a new model that is already several years behind schedule.