July 7, 2022

Art & Lifestyle:

Raytheon Cuts 19,000 Staff & Contractors

raytheon

Raytheon Technologies cuts 15,000 staff and 4,000 contractors, mostly in the Pratt & Whitney and Collins Aerospace divisions, due to decreased commercial aerospace sales from the COVID-19 pandemic. The action reflects a 20% cut at both divisions, and include both temporary furloughs and a hiring freeze