Boeing to slash 2,000 jobs and outsource to TCS

Boeing is slashing 2,000 jobs in finance and HR verticals and the company outsources about a third of those jobs to Tata Consulting Services (TCS), according to media reports.
Boeing 737 Max
The rest of the jobs will disappear as Boeing reduces its finance and HR support services, reports Seattle Times.

Boeing employees trained Tata Consulting Services employees on that initial set of outsourced work, which TCS is scheduled to take over in the coming week.

Boeing has nearly 3,500 direct employees in India and another 7,000 people in India employed at its suppliers, including Tata Group.

“We expect about 2,000 reductions this year primarily in Finance and HR through a combination of attrition and layoffs,” Boeing confirmed.

“Over time, some of our corporate functions have grown quite large. With that growth tends to come bureaucracy or disparate systems that are inefficient. So we’re streamlining,” Mike Friedman, senior director of communications at Boeing, said.

About 1,500 jobs will be cut in finance from a total of 5,800 company-wide, and up to 400 more in HR, about 15 per cent of the workforce there.

Boeing has started requiring managers preparing employee annual performance reviews for 2022 to classify 10 percent of their staff as failing to meet all expectations.

In addition to outsourcing work, Boeing hopes to reduce work both by simplifying processes and by cutting out some tasks.

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