Boeing is planning significant workforce cuts, aiming to reduce its staff by approximately 10%, which translates to about 17,000 employees, as the company grapples with deepening financial troubles exacerbated by a labor strike. Production of key models, including the 777X and 767, is being halted or delayed as the strike, now nearing one month, continues to impact operations. Tensions are rising as negotiations between Boeing and the machinists union have stalled. The company is facing mounting losses, with estimates suggesting costs could reach $1 billion a month due to the ongoing strike. As a result of these developments, Boeing’s stock has seen a decline, and there are concerns about potential credit downgrades.