Its not about the people hired, its about the pressure put on the people to deliver.
The industry has become so competitive, and the airlines want their aircraft built fast.
Anyone who thinks this is a "Boeing" problem, well I've got a Bridge to sell you.
I'd like to think it's not a Boeing problem, but the evidence about some fairly fundamental flaws in Boeing's engineering and business cultures keep piling up. That's not just me saying that, the US FAA and the GAO have had some SCATHING words about Boeing's performance in the last 4-5 years.
Frankly, the company is a mess and some very credible and seasoned industry watchers (Scott Hamilton, John Ostrower, even Tim 'I never met a 777 I didn't like' Clark) are talking about a potential bankruptcy if things aren't turned around.
The latest announcement is that they're going to cut 10% of their workforce (of approximately 170,000). This comes as Boeing's largest union (the IAM) is on strike for the first time since 2008, which will basically halt all production in the Pacific Northwest and severely crimp the non-union plant in North Charleston (which makes 787s). Cash burn from the strike is estimated at anywhere from $200 to $400 million per month.
In addition, Boeing is going to can the 767F from 2027, and only make military variants (tankers). The 777X's EIS got pushed back to 2026 (which was inevitable anyways), the 787 and 737 are having NEW nacelle problems and Boeing still isn't complying with the FAA's instructions on wiring looms.
Not to mention Boeing's military and space divisions continually failing to make contract and cost deadlines on their fixed-price contracts. I think they're batting 0 for 6 on major programmes at the moment - F-15EX, T-7A, Starliner, KC-46 and a couple others I can't recall.
Here's something to think on - for every $1 that Boeing has reported in profit in the last 40 years, it has spent $6 on share buybacks and stock-price related executive compensation schemes.