Southwest Airlines Co. (NYSE:LUV) announced Monday it will eliminate approximately 1,750 corporate positions, marking the first large-scale layoff in the carrier’s 53-year history as it seeks to streamline operations and boost profitability.
What Happened: The 15% reduction in the corporate workforce is expected to generate savings of $210 million in 2025 and approximately $300 million in 2026. The cuts, which include senior leadership roles, will be largely completed by the end of the second quarter.
“We are …
Full story available on Benzinga.com
Southwest Airlines Co. (NYSE:LUV) announced Monday it will eliminate approximately 1,750 corporate positions, marking the first large-scale layoff in the carrier’s 53-year history as it seeks to streamline operations and boost profitability.
What Happened: The 15% reduction in the corporate workforce is expected to generate savings of $210 million in 2025 and approximately $300 million in 2026. The cuts, which include senior leadership roles, will be largely completed by the end of the second quarter.
“We are …
Full story available on Benzinga.com
Southwest Airlines Co. (NYSE:LUV) announced Monday it will eliminate approximately 1,750 corporate positions, marking the first large-scale layoff in the carrier’s 53-year history as it seeks to streamline operations and boost profitability.
What Happened: The 15% reduction in the corporate workforce is expected to generate savings of $210 million in 2025 and approximately $300 million in 2026. The cuts, which include senior leadership roles, will be largely completed by the end of the second quarter.
“We are …Full story available on Benzinga.com Read Morebenzinga neuro, Equities, LUV, News, Markets, LUV, US8447411088, News, Equities, Markets, Benzinga Markets
