In a historic move, Southwest Airlines has announced it will lay off 1,750 corporate employees, marking the first mass layoffs in the airline's 53-year history. The layoffs, which are expected to wrap up by June, will include high-ranking positions, with 11 vice presidents losing their jobs. The airline has cited the need for transformation into a more agile organization amidst challenges as a low-cost carrier. Despite offering substantial severance, the measures aim at saving $210 million this year and $300 million next year, reflecting the company's efforts to adapt to changing market conditions.
This decision is unprecedented in our 53-year history, and change requires that we make difficult decisions.
We are at a pivotal moment as we transform Southwest Airlines into a leaner, faster, and more agile organization.
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