The company got expensive, the Wrap Rate (person doing the work's salary combined with the overhead charges) made winning new work difficult. Each engine developer / manufacturer (RR/GE/PW) has smart folks and management. It comes down to who can create the end product for a reasonable cost. The old structure, pre-COVID was sustainable to a degree. Sell about 1/3 of the market's Commercial Engines compared to 2/3 for GE. F135 was sole source, government took pity on us and did not break apart the buy by lots. Breath another 40 years of life into the TF33 engine.... The bottom falling out of the commercial market exposed the bloat. The cost driver going forward is to reduce the Wrap Rate by eliminating overhead charging folks. Someone has to be left with discipline experience to complete future work (a direct charge). Design and manufacturing are not fast food jobs, a warm body can hand you a bag of burgers but it's different for design / analysis and mfg. Education and direct experience counts. There are departments that are solely overhead and there are layers of low/mid/and high managers covering the same areas of decision making. These are the prime area to reduce costs.
The 8,000 head layoff was big but did not address the underlying bloat of lots of managers / directors/ VPs. At 15,000 heads the cuts address the core structure. Do worker bees really need a senior manager (L5) reporting to an associate director (L6) who reports to another L6 who then reports to …..
It's taking time to trim the bloat given compliance criteria. So $13 million / day is the value spent making the decision.