Boeing has laid off over 400 members of its professional aerospace labor union, part of a broader plan to cut 17,000 jobs as the company faces financial and regulatory challenges.

The layoffs, affecting engineers, scientists, and technical workers, were announced last week.

Employees will stay on the payroll until mid-January and receive severance, career services, and subsidized health benefits.

Boeing’s CEO cited overstaffing as the reason for the cuts, not the recent machinists’ strike, which also impacted finances, Politico has reported.

The company has struggled since an incident in January and the FAA’s limitations on 737 MAX production.

Written by B.C. Begley