Boeing announced plans to fire 10 percent of its workforce, and will start sending out thousands of layoff notices in the coming month.

Boeing surprised markets late Friday with news that it plans to cut about 10% of its workforce, and warned investors that it is looking at a much bigger third-quarter loss and weaker sales than Wall Street expected.

Most analysts expect Boeing to raise up to $15 billion through a share issue. But the perception of major airlines to Boeing's financial risk remains a sensitive topic as many hav

Boeing plans to lay off about 10% of its workers in the coming months, about 17,000 people, as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes.