Southwest Airlines is implementing its first mass layoffs in history, cutting 1,750 corporate jobs (15% of workforce) to achieve significant cost savings of $210 million in 2025 and $300 million in 2026. The layoffs, starting in April and expected to be completed by mid-2025, will not impact front-line workers like pilots and flight attendants. CEO Bob Jordan emphasized this unprecedented decision aims to transform the airline into a more efficient organization amidst financial pressures from rising labor costs and demands from activist investors.
This decision is unprecedented in our 53-year history, and change requires that we make difficult decisions," Southwest CEO Bob Jordan stated in a press release.
We are at a pivotal moment as we transform Southwest Airlines into a leaner, faster, and more agile organization.
This decision is unprecedented in our 53-year history, and change requires that we make difficult decisions," Southwest CEO Bob Jordan stated in a press release.
The cuts would be a very difficult and monumental shift but would help the airline work to minimize costs.
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