The company has about 170,000 employees nationwide, with nearly 67,000 in Washington, per Business Journal research. Selected workers will be furloughed for one week every four weeks, but will maintain health benefits. At the same time, Boeing leadership will take "commensurate" pay cuts, Ortberg said, without disclosing details.

As Boeing's machinists continue to strike, furloughs and pay reductions are in store for the rest of the company.

Nonunion employees will experience one-week furloughs every four weeks as the troubled planemaker struggles to conserve cash.

CEO Kelly Ortberg says he will take a pay cut. Credit-ratings firms have warned of a downgrade.

Boeing’s CEO says the company will begin laying off a large number of employees to save cash during the strike by union machinists

Boeing may prevent its debt being downgraded to junk by issuing more stock, which would deal another blow to current shareholders.

Selected employees will take one week of furlough every four weeks on a rolling basis, Kelly Ortberg, the CEO of Boeing, wrote in an email.

Boeing will furlough tens of thousands of its executives, managers and others as more than 30,000 machinists intend to go on strike Friday in Seattle and Oregon.