Southwest Airlines to cut 15% of corporate jobs in cost-saving push
Southwest Airlines said Monday that it is cutting about 15% of corporate jobs, or about 1,750 people, a move its CEO called "unprecedented" as the company scrambles to cut costs.
Southwest Airlines is slashing 15% of its corporate workforce, its first major layoffs in 53 years
Southwest Airlines said cuts would come mostly from “corporate overhead and leadership positions.” The company estimated that the job reductions, to be completed by the end of June, will save the company about $210 million this year and roughly $300 million in 2026.
Southwest to cut 15% of corporate workforce
Eleven members of Southwest's senior leadership, holding titles of vice president, are part of the downsizing.
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 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 to lay off 15% of corporate staff in cost-cutting effort
Southwest Airlines cut hundreds of corporate roles, including senior leadership and director positions, as it works to trim its overhead and become a leaner company.
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