Canadian flight training company CAE Inc. is reducing its global workforce by 2% as part of a restructuring initiative led by its new leadership team. This move follows the appointment of a new CEO who has signaled significant operational changes to address industry challenges. The cuts, affecting approximately 90 employees worldwide, represent a strategic pivot aimed at improving efficiency amid fluctuating demand for aviation training services.

CAE's restructuring comes as the company prepares to release its May business update, which investors will scrutinize for details on how these changes align with long-term growth plans.