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The media frenzy around it might just be because it's the hot new thing, but this happens to every company that gets taken over by MBAs. The cost and corner cutting, sidelining of competent managers for sycophants, prioritizing short term line go up over long term quality and reputation.
Yep, this sort of thing happened when the New Palestine train derailment happened. For a month or so after it happened all you heard about was how another train derailed even though it's (unfortunately) very common in the US and statistically multiple of them happen every single day. It's not like trains just started derailing out of nowhere, it was always happening, it's just that the media found something new that gets them clicks and keeps rolling with it.
Ignoring the news frenzy for a second, Boeing's engineering-first culture has steadily degraded since their merger with McDonnell Douglas in the late 90s. Given that a lot of planes from that era are still in service, it takes time to design and build planes, and it took time for Boeing's culture to shift, I think we're only just now seeing the major impacts from cost cutting and ignoring safety concerns. There is still a ton of regulation in the commercial flight sector that is steadily degrading, but I think that has also played a part in maintaining safety up until recently. So expect stories like this to continue to happen unless there is a major effort to further regulate Boeing (lol).