Southwest Airlines to cut 15% of corporate jobs as part of cost-saving plan
The layoffs, which the company expects to complete by the end of the second quarter, are estimated to net $210 million in savings this year.
Southwest Airlines’ Historic Layoffs Come Amid Cost Pressures
Southwest also has embarked on a three-year plan to evolve its offerings, including introducing assigned seating—another first for the carrier—and the creation of an extended legroom product, both of which are designed to bolster the carrier’s revenue.
Southwest Airlines’ First Major Job Cut in 53 Years Is Set to Reduce 15% Staff
Southwest Airlines (LUV) is about to implement its first-ever major job cut in 53 years, reducing 15% of its corporate staff. The layoffs are
Southwest layoffs: LUV stock price rises as airline slashes corporate workforce in ‘transformational plan’
The low-cost air carrier said the cuts are mostly focused on corporate and leadership roles. Some 1,750 employees are expected to be laid off. Southwest Airlines has announced that it will lay off 15% of its employees in an effort to reduce costs and maximize its efficiencies.
Southwest Airlines lays off corporate employees in first ever mass cuts
Southwest Airlines is slashing 15 percent of its corporate workforce, approximately 1,750 employees, as the Texas carrier aims to boost revenues and shrink costs. Mass layoffs haven't been seen at Southwest before,
Southwest Airlines cuts 15% of corporate jobs
CNBC's Phil LeBeau reports on the latest job cuts in the airline industry. Earth from space: A mysterious 'black hole' in Pacific Ocean that sparked wild rumors online Tony Robbins warns Americans on Roth IRA,
Southwest Airlines enacts significant layoffs — more than 1,700 jobs cut
STORY HIGHLIGHTS Southwest Airlines announces 1,750 layoffs, mostly in corporate positions. Cost-cutting measures aim to save $210 million in 2024. CEO Bob Jordan calls the decision "unprecedented" in company's history.
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