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 Slash Corporate Workforce in First Mass Layoff
The cuts are a first for Southwest, which hadn’t previously conducted a mass layoff in its 53-year history. They mark one of the most tangible signs of a shift in the airline’
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 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 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,
In 'unprecedented' decision, Southwest Airlines to layoff 1,750 employees at Dallas HQ
Southwest Airlines said it will cut 1,750 jobs at its Dallas Love Field headquarters, representing about 15% of its corporate workforce.
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Southwest Airlines layoffs to save $300M: stock rises, analysts optimistic
Southwest Airlines will cut 1,750 jobs in its first mass layoffs, aiming to save $300 million. Shares rose 2% as investors ...
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Southwest Airlines names Tom Doxey as CFO
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Southwest Airlines Names Former Breeze Airways President as EVP and CFO
Tom Doxey was president of Breeze Airways, where he led the airline through a successful transformation from a startup to ...
Southwest Airlines Taps Tom Doxey As CFO: Details
Southwest Airlines has appointed Tom Doxey as Executive VP and CFO, effective March 10. With a proven track record in ...