Southwest Airlines announced a significant reduction in its corporate workforce, cutting about 15% or 1,750 jobs. This move, described as “unprecedented” by CEO Bob Jordan, is expected to save the company $210 million this year and $300 million by 2026. The layoffs, primarily affecting senior leadership, will be mostly completed by the end of the second quarter. Jordan emphasized the necessity of these cuts to transform Southwest into a leaner, more agile organization. This decision follows a settlement with activist investor Elliott Investment Management, which gained board seats but failed to replace Jordan. Other cost-cutting measures include a hiring freeze, pausing internships, ending team-building events, and cutting unprofitable routes. The layoffs will take effect in late April, with affected employees receiving salary, benefits, and bonuses until then.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
