Boeing plans to lay off roughly 17,000 workers, delay its first 777-9 delivery and end 767 Freighter production, part of a plan to restructure its business around "core" products and keep afloat amid a crippling machinists strike and numerous other business challenges.

Plane maker warns of deeper quarterly losses amid machinists strike.

Boeing Co. 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 a worsening cash crunch.