Not exactly. Calm down.

by Chris Saxman

Boeing is relocating the headquarters of its Defense, Space & Security division from Arlington, Virginia back to St. Louis, Missouri to align leadership more closely with its primary engineering and manufacturing workforce.

Company officials indicated the move is intended to improve operational focus, program execution, and proximity to production facilities.

Boeing’s overall corporate headquarters remains in Arlington, but defense leadership will now operate closer to its largest concentration of defense employees.

• Leadership closer to 18,000+ regional defense employees
• Greater alignment with engineering and manufacturing hubs
• Focus on execution and program performance
• Not a tax or political relocation

Corporate layoffs

Below is a listing summed up from the Richmond Times Dispatch (D-Hanover) Business Section over last weekend.

I’d link the article but it is such a PITA to access their site – I just figured why torture you.

Recent announcements cumulative by company:

Dow – 6,800

Amazon – 30,000

UPS – 78,000

Tyson Foods – 4,900

HP – between 4,000 and 6,000

Verizon – 13,000

Nestle – 16,000 globally

Novo Nordisk – 9,000

Intel – 24,500 over last two years

Procter & Gamble – 7,000

Microsoft – 15,000

GM – 1,700

Paramount – 2,600

Target – 1,800

ConocoPhillips – up to 3,250

Lufthansa Group – 4,000 by 2030

Chris Saxman is executive director of Virginia FREE. This commentary is excerpted with permission from his Substack account, The Intersection.