Reported 3 days ago
Southwest Airlines is making significant cuts to its corporate workforce, eliminating 1,750 jobs or 15%, marking its first major layoffs in 53 years. The layoffs primarily affect corporate overhead and leadership roles, including senior management, as part of a strategy to reduce costs and streamline operations. The airline aims to save approximately $210 million this year and $300 million in 2026, following pressure from investors to improve profitability.
Source: YAHOO