Lufthansa Boeing 747 passenger aircraft. Photo: Boris Roessler/picture alliance via Getty Images

Boeing will lay off 6,770 more U.S. employees as it seeks to offset the plummeting demand from the coronavirus pandemic and its year-long grounding of the 737 MAX, CEO Dave Calhoun told employees Wednesday.

The big picture: The layoffs are part of Boeing's previously-announced move to cut 10% of its workforce, which included 5,530 voluntary layoffs. The jobs most in peril are related to its commercial industry, while the company's defense, space and related services businesses will try to limit the overall job loss, per a Boeing spokesperson.

What he's saying:

The COVID-19 pandemic’s devastating impact on the airline industry means a deep cut in the number of commercial jets and services our customers will need over the next few years, which in turn means fewer jobs on our lines and in our offices. We have done our very best to project the needs of our commercial airline customers over the next several years as they begin their path to recovery. I wish there were some other way."
— CEO Dave Calhoun

Go deeper: Boeing declines government funding after raising $25B in bond deal

Go deeper

Miriam Kramer, author of Space
Sep 1, 2020 - Science

Why the private space industry embraces risk

Illustration: Sarah Grillo/Axios

The space industry has always accepted some level of risk and failure, but as the commercial space industry matures, companies are using failure to their advantage to try to help their businesses succeed.

Why it matters: By taking on more risk and pushing their systems to the limits, space companies may be able to reach ambitious goals — like building a city on Mars or mining the Moon for resources.

Gulf Coast braces for Zeta after storm strengthens into hurricane

Hurricane Zeta's forecast path. Photo: National Hurricane Center

Louisiana Gov. John Bel Edwards (D) declared a state of emergency Monday as Zeta strengthened into a hurricane and threatened Mexico's Yucatan Peninsula as it moved towards the U.S. Gulf Coast.

The state of play: Zeta was expected to make landfall on the northern part of the Yucatan Peninsula Monday night, bringing with it a "dangerous storm surge" and "heavy rainfall" as it moved into the Gulf of Mexico, the National Hurricane Service said.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: The swing states where the pandemic is raging — Pence no longer expected to attend Barrett confirmation vote after COVID exposure.
  2. Health: 13 states set single-day case records last week
  3. Business: Where stimulus is needed most.
  4. Education: The dangerous instability of school re-openings.
  5. World: Restrictions grow across Europe.
  6. Media: Fox News president and several hosts advised to quarantine.