Raytheon laying off 20,000 amid commercial aviation slide
October 29, 2020
WASHINGTON ― Raytheon Technologies is cutting 15,000 staff and 4,000 contractor positions, largely at the company’s Pratt & Whitney and Collins Aerospace divisions, due to decreased commercial aerospace sales from COVID-19 pandemic, CEO Greg Hayes said Tuesday on the company’s earnings call.
The Waltham, Mass., aerospace giant is the latest company to announce losses since the…