Southwest layoffs: LUV stock price rises as airline slashes corporate workforce in ‘transformational plan’
The low-cost air carrier said the cuts are mostly focused on corporate and leadership roles. Some 1,750 employees are expected to be laid off. Southwest Airlines has announced that it will lay off 15% of its employees in an effort to reduce costs and maximize its efficiencies.
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 makes drastic cost-cutting decision
Southwest Airlines , the fourth-largest airline in the U.S., is on a strict road to recovery after facing significant reputational and financial headwinds over the last few years.
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 Airlines cuts 15% of corporate jobs
CNBC's Phil LeBeau reports on the latest job cuts in the airline industry. Earth from space: A mysterious 'black hole' in Pacific Ocean that sparked wild rumors online Tony Robbins warns Americans on Roth IRA,
Southwest Airlines is slashing 15% of its corporate workforce
Areas southwest of St. Louis are expecting up to possibly 12 inches of snow by Tuesday night. A cold front and developing low-pressure system along the Gulf Coast are expected to bring a wintry mix and possible snow to North Georgia midweek.
Southwest Airlines enacts significant layoffs — more than 1,700 jobs cut
STORY HIGHLIGHTS Southwest Airlines announces 1,750 layoffs, mostly in corporate positions. Cost-cutting measures aim to save $210 million in 2024. CEO Bob Jordan calls the decision "unprecedented" in company's history.
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Where Did Our LUV Go?
The company's first involuntary staff cuts come amid dramatic changes forced by investors. But can it soar by acting more like competitors it long outperformed?
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 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.
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Southwest Airlines Co LUV
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Southwest to cut 1,750 corporate jobs but plans growth at BWI Airport
CEO Bob Jordan called the cuts "unprecedented in our 53-year history" but said they come at "a pivotal moment as we transform ...
18,117 Shares in Southwest Airlines Co. (NYSE:LUV) Purchased by Strategic Financial Concepts LLC
Strategic Financial Concepts LLC acquired a new stake in Southwest Airlines Co. (NYSE:LUV – Free Report) during the 4th ...
Southwest pact boosts Elliott max exposure to 19.9% from 14.9%
Southwest Airlines entered into an amendment to the cooperation agreement with Elliott Investment Management that increases ...