The Downfall of Another Great American Company - Software Engineer Boeing Employee Review

3.0
21 Dec 2018
Recommend
CEO approval
Business outlook

Pros

Lots of great co-workers (before they all got laid off).

Cons

Boeing, IBM, GE, HP, etc. will all collapse due to the obsessive-compulsive focus on share price which has burdened them with too much debt. Boeing just announced that it will increase share buybacks to 20 billion. No wonder they are cutting benefits and fighting raises. The debt now exceeds its equity levels by over two-times, which means for every $1 you invest, the company owes more than double of that to debtors! Yet the company lavishes money on the insiders through share buybacks while cutting everything else to the bone. They are even selling buildings and land in the Seattle area to raise money for share buybacks, with absolutely no regard for all the troubles this creates for the employees due to commuting issues (ask the Bellevue employees and you will get an earful).

Explore other reviews about Boeing

5.0
28 May 2026
Recommend
CEO approval
Business outlook

Pros

Great place to work. Overtime. Fast paced engineering.

Cons

Some employees were very lazy.

4.0
28 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Work-life balance has been great at the Long Beach site. My coworkers are very considerate and supportive. Benefits suck as parental leave and 401k, Roth 401k, and mega backdoor Roth make it so you can really get ahead in terms of retirement building. They are trying to get better in culture and performance rather than some companies that don’t even pretend to care. During the pandemic there was no training. Now there’s some!

Cons

Base pay can be slightly lower than other companies for specific skills. Each site and each organization within each site has its own culture depending on who is the VP/executive team. There are so many executives it’s hard to get things done. Things move very slowly.

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