The CEO of Boeing told employees late Friday that the company plans to cut 10% of its total staff “over the coming months.” “Our business is in a difficult position, and it is hard to overstate the challenges we face together,

The reductions will include executives, managers and employees, Chief Executive Officer Kelly Ortberg said in a memo to employees.

Boeing will cut 17,000 jobs -- 10% of its global workforce -- delay first deliveries of its 777X jet by a year and record $5 billion in losses in the third quarter, as the U.S. planemaker continues to spiral during a month-long strike.

Boeing’s mass layoffs will affect 10% of its workforce and extend to executives, managers, and employees across the organization.

US-based aerospace giant Boeing has announced plans to lay off 17,000 employees, and delay the delivery of its 777X jets by a year. The decision comes amid an ongoing strike by West Coast workers that has severely affected the company's operations.

The decision comes nearly a month after workers with the International Association of Machinists and Aerospace Workers District 751 went on strike.

United States-based plane maker Boeing will cut 17,000 jobs, or 10 percent of its global workforce, delay first delivery of its 777X jet by a year and announced substantial new losses in its defence business as a monthlong strike batters company finances, CEO Kelly Ortberg has said.

Boeing said it plans to cut its workforce by about 10%, responding to the crisis facing the planemaker as it faces a drawn-out strike by workers and

The latest round of talks between Boeing and machinists, mediated by federal officials, broke off without progress, according to the union.