Southwest plans to slash 15% of corporate jobs, the first mass layoffs in its company's history
Southwest Airlines announced Monday plans to slash 1,750 jobs, which the company's CEO calls an unprecedented decision. The cuts focus on corporate positions, representing 15% of the staff, including senior leadership and directors,
Southwest Airlines Stock Rises After Company Starts First-Ever Mass Layoff Plan
KEY TAKEAWAYS Shares of Southwest Airlines 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 history.
Southwest Airlines announces sweeping layoffs at Dallas headquarters, the first mass layoffs in company history
Southwest Airlines will lay off 1,750 employees at its Dallas headquarters for the first time in its history. DALLAS — For the first time in its 53-year history, Southwest Airlines announced it will be laying off hundreds of workers at its Dallas headquarters.
Southwest Airlines announces layoffs as company faces turmoil
Dallas-based Southwest Airlines announced Monday that it's laying off 15% of its corporate employees. About 1,750 employees will be affected, according to a release from the airline. Eligible employees will continue to receive salary and benefits until April. They'll also receive severance pay and help to find new jobs.
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 is slashing 15% of its corporate workforce, its first major layoffs in 53 years
The Dallas-based airline said Monday that the job cuts would be focused almost entirely on “corporate overhead and leadership positions,” including senior leadership and directors.
Southwest Airlines to cut 1,750 corporate positions in first nonvoluntary layoffs in its 53-year history
Southwest Airlines Co.’s stock fell 1% Tuesday after the carrier said it is cutting 1,750 corporate positions, equal to 15% of that group, as it moves to cut costs and create a leaner organization. The cuts will affect senior leadership and directors,
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 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 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’ 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. The layoffs are
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The list of major companies laying off staff this year, including Southwest Airlines, Meta, and Microsoft
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