Is Boeing safe from layoffs for at least 3 years?

Boeing
au_sil

Go to company page Boeing

au_sil
Apr 7 3 Comments

Seems like Boeing is hiring like crazy. I've lost teammates: 4 new grads during 2020 (ILO'd), 1 mid-lvl (ILO'd), 1 Tech Fellow (VLO'd). During 2021~22, 3 mid-lvl left to new companies, 1 lead internally transferred out. But we only had 3 internal transfers to fill back, and no new person hired from outside. So seems like my team short-handed and I don't see I will get ILO'd anytime soon.

But it feels like with rate hikes, increase in living cost (gas, food, housing, etc), there might be another recession in next 5 years and that would also affect air travel. Boeing has been in pretty bad situation financially for past 3 years and still trying claw itself out of the hole. However, if another recession hits and people don't travel because to save money, I wonder if I will be truly insulated from layoffs.

If no severe recession happens, I think having so many empty roles, there seems like a good chance for me to get promoted.

So how do you guys see? Is Boeing gonna be in good situation for the next 3 years?

#aviation #boeing

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TOP 3 Comments
  • Problem is you never know. They over rotated in 2020 and now are trying to hire like crazy but majority of teams are understaffed.

    Boeing is very hard to predict.
    Apr 12 0
  • Amazon / Eng
    ugotmail

    Go to company page Amazon Eng

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    Boeing
    ugotmail
    Boeing will eventually bounce back or the gov will bail them out probably. But they will be facing stiff competition from Japan and China in near future in commercial world , and have been losing ground in space and defense for long time now. They really need to lean out and reinvent themselves a bit I think.

    I worked there for a long time and left 3 years ago. I wouldn't mind coming back one day but every time I read the news it looks like company gets worse and the people I am friends with there all want to leave. A lot of the best people I worked with have left or are trying to bail or are close to retirement. Crazy fall from where it used to be.
    Apr 7 0
  • State Street
    ๐Ÿ’Ž ๏ผจ๏ผฅ๏ผฌ๏ผฌ๏ผฏ

    Go to company page State Street

    BIO
    Diamond MVP
    ๐Ÿ’Ž ๏ผจ๏ผฅ๏ผฌ๏ผฌ๏ผฏ
    Could you refer me at Boeing?
    2d 0