Southwest Airlines is cutting 15% of its workforce in its first-ever mass layoff. Read the CEO's full memo to employees.
Southwest Airlines on Monday announced its first mass layoff, saying it would cut about 1,750 employees in a bid to boost profitability.
Southwest Airlines to Lay Off 15% of Corporate Workforce in Cost-Cutting Push
Southwest Airlines plans to lay off 15% of its corporate workforce, marking a significant shift in strategy. The layoffs aim to save $210 million in 2025 and $300 million in 2026, following pressure from Elliott Investment Management.
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.
'Unprecedented in Our 53-Year History': Southwest Airlines Announces Its First Mass Layoffs Ever
In a regulatory filing on Monday, Southwest Airlines announced its first-ever round of mass layoffs in its 53-year history as the airline aims to cut costs. The cuts affect 1,750 corporate employees or 15% of Southwest's nearly 12,
Southwest Airlines to cut 15% of corporate workforce
Southwest Airlines said it will slash 15% of its corporate workforce -- the first mass layoffs in the company's decades-long history -- as the airline looks to cut costs.
Southwest Airlines is slashing 15% of its corporate workforce, its first major layoffs in 53 years
Southwest Airlines is eliminating 1,750 jobs, or 15% of its corporate workforce, in the first major layoffs in the company’s 53-year history.
SOUTHWEST AIRLINES ANNOUNCES REDUCTION IN CORPORATE OVERHEAD WORKFORCE
Southwest Airlines Co. (NYSE: LUV) (the "Company") today announced a reduction in its workforce to create a leaner and more agile organization as part of the airline's transformational plan.
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.
In 'unprecedented' move, Southwest sacks 15% of corporate employees
For the first time in its 53-year history, Southwest Airlines announced mass layoffs that are specifically affecting its corporate workforce. Southwest plans to cut 1,750 jobs, or 15% of its corporate leg.
Southwest Airlines to cut 1,750 corporate positions in first nonvoluntary layoffs in its 53-year history
Southwest Airlines Co.’s stock fell 1% Tuesday after the carrier said it is cutting 1,750 corporate positions, equal to 15% of that group, as it moves to cut costs and create a leaner organization. The cuts will affect senior leadership and directors,
Southwest to cut 15% of corporate jobs in first-ever layoffs
The layoffs challenge Southwest’s philosophy that happy employees would lead to happy customers, profitability and happy Southwest shareholders.
Southwest Airlines Stock Rises After Company Starts First-Ever Mass Layoff Plan
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