Boeing cuts thousands more jobs than originally said

Boeing’s job cuts are going deeper than initially said. The aerospace giant is cutting over 12,000 jobs in the U.S., which is thousands more than it originally planned to cut. The job cuts come as Boeing restructures and seeks to deal with the fallout from the coronavirus pandemic without a government bailout after years of share buybacks.Q1 2020 hedge fund letters, conferences and moreBoeing job cuts number 12,000Boeing said this week that the 12,000 job cuts include 6,770 involuntary layoffs. The company also said it’s planning “several thousand remaining layoffs” in the coming months. It sa…

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