Boeing announced sweeping cost cuts on Monday, including a hiring freeze, a pause on nonessential staff travel and a reduction on supplier spending to preserve cash as it deals with a strike of more than 30,

Boeing workers in Washington went on strike this week as new CEO Kelly Ortberg purchased a $4.1 million mansion in a gated community in Seattle.

The planemaker finds itself in an increasingly untenable situation with its finances so dire that it can ill afford a drawn-out paralysis.