Southwest Airlines has announced a cut of 15% of its corporate workforce, totaling 1,750 employees, marking the airline's first significant layoffs in its 53-year history. This decision comes as the company grapples with declining profits, prompting a reevaluation of its business practices. The layoffs aim to save about $210 million in 2025 and $300 million in 2026, excluding potential severance costs which may reach between $60 to $80 million. CEO Bob Jordan emphasized that affected employees will retain their benefits until severance takes effect in late April.
Southwest Airlines is cutting 15% of its corporate workforce amid financial struggles, marking the carrier's first major layoffs in 53 years.
The layoffs are expected to save Southwest Airlines approximately $210 million in 2025 and around $300 million in 2026, despite severance costs.
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