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Southwest Airlines to slash 15% of corporate jobs in ‘unprecedented’ move to cut costs

Southwest Airlines is eliminating 1,750 jobs, which is 15% of its corporate workforce, marking the first major layoffs in the company's 53-year history.
The job cuts are expected to save Southwest approximately $210 million this year and $300 million in 2026, according to Bob Jordan, the CEO.
Elliott Investment Management has pressured Southwest to increase profits and secure board seats, contributing to the decision for layoffs.
Affected employees will receive severance packages and resources for transition, as stated in Bob Jordan's message to employees.

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MarketWatch

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FOX 5 San Diego

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Herald/Review Media

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Southwest Airlines on Monday announced plans to cut 15% of its workforce, the first round of broad layoffs in the airline’s 53-year history.

4 days ago

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floridadaily.com

Southwest Airlines to Layoff 15% of Corporate Workers

Southwest Airlines announced that it will lay off about 1,750 employees, or 15% of its corporate workforce. According to an official statement released earlier today, the cuts will mainly impact corporate overhead and leadership positions, including eleven senior roles at the vice president level and 15% of the senior management committee. “This decision is unprecedented […] The post Southwest Airlines to Layoff 15% of Corporate Workers appeared…

4 days ago

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