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 cuts 15% of corporate jobs
Diana Furchtgott-Roth, former U.S. Department of Labor chief economist, and Betsey Stevenson, University of Michigan professor of economics, join 'Squawk Box' to discuss the impact of the firing of tens of thousands of federal workers on the labor market and the economy.
Southwest Will Cut 15% of Corporate Jobs. It’s the Airline’s First-Ever Layoffs.
The airline is looking to save millions of dollars this year and next as it struggles with recent underperformance.
Southwest Airlines Plans to Cut 15% of Corporate Work Force
The company said the cuts, the first round of broad layoffs in the airline’s 53-year history, would affect mostly corporate employees.
Southwest Airlines cutting 1,750 jobs
Southwest Airlines on Monday announced it will cut 1,750 jobs in late April in what will be the first round of layoffs in the company’s 53-year history. “As we continue to work together to transform our Company,
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.
Southwest Airlines to lay off 15% of its corporate workforce in bid to cut costs
Southwest Airlines is planning to eliminate an estimated 1,750 positions — about 15% of its corporate workforce — in what will mark the company's first major job cuts in its 53-year history.
Southwest Air to cut 15% of corporate jobs in first-ever layoffs
Southwest Airlines Co. will cut about 1,750 jobs in its leadership ranks, a dramatic step to reduce expenses that mark the carrier’s first layoffs.
Southwest Airlines to shed 15% of corporate jobs in cost cuts drive
STORY: Southwest Airlines is cutting 15% of corporate jobs, or about 1,750 roles. The budget carrier announced the move Monday, saying it wants to reduce costs and streamline its organization. That will include trimming senior management,
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 cutting 15% of corporate workforce
Southwest Airlines said it is laying off 15% of its corporate workforce in attempt to cut costs and improve company finances. (Scripps News)
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.
Southwest Airlines says first mass layoff won’t include BWI workers, operations
Southwest Airlines’ plans for its first-ever mass layoff is not expected to include any labor cuts or changes to operations ...
Southwest's layoffs dent its worker-first culture
Southwest Airlines' first company-wide layoffs in its nearly 54-year history are aimed at shoring up profits, but they run ...
Southwest announces 15% reduction in corporate positions
Airlines announced a reduction in its workforce “to create a leaner and more agile organization as part of the airline’s ...
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Is Southwest Airlines looking to acquire another carrier? What we know so far
Southwest Airlines may be considering the acquisition of another US carrier. Comments shared on social media by board member ...