Southwest to lay off 15% of corporate staff amid rising Wall Street pressure to slash costs
In total, 1,750 jobs will be affected, including 11 senior leadership positions, as the carrier strives to build a "leaner and more agile organization" under its transformational plan.
Southwest agrees activist investor Elliott can own up to 19.9% stake until 2026
Southwest is in the midst of a transformation that led it to announce Tuesday the first-ever involuntary layoffs.
Southwest Airlines Could Fly High On Demand Growth, But Needs To Improve Margins
Southwest Airlines gets its prior hold rating from 2023 reaffirmed. Key positive factors are expected air travel growth in 2025, new global airline partnerships, an investment-grade credit rating, and low debt. Its gross and net income margins could use improvement compared to peers, as well as its dividend growth trend.
Southwest layoffs: LUV stock price rises as airline slashes corporate workforce in ‘transformational plan'
Southwest Airlines has announced that it will lay off 15% of its employees in an effort to reduce costs and maximize its efficiencies. Here's what you need to know about Southwest's layoffs and how employees and fliers will be impacted.
Southwest Airlines cuts 15% of corporate jobs
CNBC's Phil LeBeau reports on the latest job cuts in the airline industry.
LUV Plans to Lay Off 15% of Workforce to Achieve Cost Efficiency
Southwest Airlines intends to cut 15% of its corporate workforce by the second quarter of 2025-end, as part of its cost-cutting initiative, aiming for $210 million in savings by 2025.
Southwest to lay off 15% of corporate staff in cost-cutting effort
Southwest Airlines cut hundreds of corporate roles, including senior leadership and director positions, as it works to trim its overhead and become a leaner company.
Southwest Airlines Stock Rises After Company Starts First-Ever Mass Layoff Plan
Shares of Southwest Airlines (LUV) rose in premarket trading Tuesday after the carrier said it plans to cut 15% of its corporate workforce, eliminating about 1,750 jobs in the first large layoffs in its 53-year history.
Southwest Airlines to cut 1,750 corporate positions in first nonvoluntary layoffs in 53-year history
Southwest Airlines says it seeks to cut costs and create a leaner company able to compete.
Southwest Airlines is cutting 15% of its workforce in its first-ever mass layoff. Read the CEO's full memo to employees.
Southwest Airlines is cutting 15% of its corporate workforce, or 1,750 employees, the carrier said. They're the first major layoffs in Southwest's 53-year history and come amid profitability woes.
Southwest Airlines to cut 15% of corporate jobs as part of cost-saving plan
Southwest Airlines said on Monday it would cut about 15% of corporate jobs, or about 1,750 roles, as the U.S. budget carrier looks to reduce costs and streamline its organizational structure.
Southwest Airlines to cut 15% of corporate jobs in cost-saving push
Southwest is cutting about 1,750 corporate jobs in race to cut costs.
