Team,

Our business is in a difficult position, and it is hard to overstate the challenges we face together. Beyond navigating our current environment, restoring our company requires tough decisions and we will have to make structural changes to ensure we can stay competitive and deliver for our customers over the long term.

We need to be clear-eyed about the work we face and realistic about the time it will take to achieve key milestones on the path to recovery. We also need to focus our resources on performing and innovating in the areas that are core to who we are, rather than spreading ourselves across too many efforts that can often result in underperformance and underinvestment.

With that in mind, today I am sharing some difficult decisions and several program updates: 

On the 777X program, the challenges we have faced in development, as well as from the flight test pause and ongoing work stoppage, will delay our program timeline. We have notified customers that we now expect first delivery in 2026.

We plan to build and deliver the remaining 767 Freighters ordered by our customers and then conclude production of the commercial program in 2027. Production for the KC-46A Tanker will continue.

In BDS, our performance on fixed-price development programs is simply not where it needs to be. We expect substantial new losses in BDS this quarter, driven by the work stoppage on commercial derivatives, continued program challenges and our decision to complete production on the 767 freighter. I will be providing additional oversight of this business and these programs.

Along with the above actions, we must also reset our workforce levels to align with our financial reality and to a more focused set of priorities. Over the coming months, we are planning to reduce the size of our total workforce by roughly 10 percent. These reductions will include executives, managers and employees. Next week, your leadership team will share more tailored information about what this means for your organization. Based on this decision, we will not proceed with the next cycle of furloughs. 

As we move through this process, we will maintain our steadfast focus on safety, quality and delivering for our customers. We know these decisions will cause difficulty for you, your families and our team, and I sincerely wish we could avoid taking them. However, the state of our business and our future recovery require tough actions.

We will be transparent with you regarding the timing and impact of these steps, and we will be professional and supportive to everyone along the way. 

Thank you for all that you are doing through this very challenging time at Boeing. We will navigate through this moment. We will re-focus our company, and we will restore trust with all those who depend on us.

Kelly

According to slides from an MSI presentation published by HardwareLuxx today (via VideoCardz), the new chips may have respectable multicore performance gen-over-gen, with an eight-core 9000X3D outperforming a Ryzen 7 7900X3D by up to 28 percent in Cinebench R23. But they can offer as little as 2 percent gains in Black Myth: Wukong and Shadow of the Tomb Raider, according to MSI’s preliminary testing.

And against the vanilla Ryzen 9000 series, MSI found that X3D performance was so close as to practically be the same. MSI does note that “Performance is expected to be better on PR samples and retail chips,” though.

It’s not clear whether HardwareLuxx broke an embargo or whether MSI might be responsible for the leak — strangely, it appears that section of the presentation was mostly about Intel’s new Core Ultra 200S chips, and it’s not clear why unreleased AMD chips would be part of that section. The presentation shows that MSI’s discussion of Intel chips was embargoed to October 10th.

Has social media run it’s course?  Not likely. Apps like TikTok, Facebook, and Linkedin more popular than ever.  But with fewer people finding it useful and a flurry of mental health-related lawsuits, some users are complaining those big platforms just aren’t keeping up with the times, especially when it comes to workplace networking platforms, which are being criticized for not adjusting for new post-covid workplace realities.  Now social media networking is getting a big makeover, with a new focus on user authenticity.  

Krishna Dosapati, the CEO of newly-launched networking site Clockout, says the de-coupling between big tech and young professionals is becoming obvious.  “You have an entire generation of people who are joining the workforce at a time where everyone is working from home,” she told Fox News. “Meetings are taking over zoom. And so people are really, really isolated.”

And that’s creating a growing need for authenticity when it comes to online networking.  New apps like Clockout are now stressing real-life connections, with users able to create their own industry-based social clubs.  More than a thousand have been started so far, with about 40,000 users attending live, in-person events.  Dosapati says the key is combining old fashioned social gatherings with high-tech networking, especially with a recent survey showing up to 85 percent of all jobs are filled through personal connections, either virtually or in-person. 

“We make the interface so fun and organic and the focus is those connections rather than posts or likes or anything like that, she says, adding that when she sees someone she wants to connect with on Clockout, “it’s very organic for me to say, Hey, like, I see you’re a founder, you’re in New York, do you want to grab a coffee? And that sparks a really authentic and organic conversation. And that allows me to form a real connection with that other person that other platforms just don’t focus on.”

And it appears to be working; Clockout says it has a long waitlist of people waiting to get approved for the platform.  It’s just one example of how social media is evolving to help professionals build community through authentic interactions.