Reported 2 days ago
Southwest Airlines has announced its first mass layoffs in nearly 54 years, cutting 1,750 jobs, which raises concerns about the impact on its long-standing employee-first culture. The decision, driven by rising costs and decreased profits, comes after the pressure from activist investor Elliott Investment Management and aims to restore financial stability. Despite the layoffs not affecting frontline staff, employees express worry about the potential erosion of company culture, with some voicing disappointment over how the terminations were handled.
Source: YAHOO