Southwest layoffs: LUV stock price rises as airline slashes corporate workforce in ‘transformational plan’
The low-cost air carrier said the cuts are mostly focused on corporate and leadership roles. Some 1,750 employees are expected to be laid off. Southwest Airlines has announced that it will lay off 15% of its employees in an effort to reduce costs and maximize its efficiencies.
Southwest Airlines to cut 15% of corporate jobs as part of cost-saving plan
The layoffs, which the company expects to complete by the end of the second quarter, are estimated to net $210 million in savings this year.
Southwest Airlines makes drastic cost-cutting decision
Southwest Airlines , the fourth-largest airline in the U.S., is on a strict road to recovery after facing significant reputational and financial headwinds over the last few years.
Southwest Airlines to cut 1,750 corporate positions in first nonvoluntary layoffs in its 53-year history
Southwest Airlines Co.’s stock fell 1% Tuesday after the carrier said it is cutting 1,750 corporate positions, equal to 15% of that group, as it moves to cut costs and create a leaner organization. The cuts will affect senior leadership and directors,
Southwest Airlines Is Slashing 15% of Its Corporate Workforce, Its First Major Layoffs in 53 Years
Southwest Airlines is eliminating 1,750 jobs, or 15% of its corporate workforce, in the first major layoffs in the company’s 53-year history
Southwest Airlines lays off corporate employees in first ever mass cuts
Southwest Airlines is slashing 15 percent of its corporate workforce, approximately 1,750 employees, as the Texas carrier aims to boost revenues and shrink costs. Mass layoffs haven't been seen at Southwest before,
Southwest to lay off 15% of corporate staff in cost-cutting effort
Southwest Airlines cut hundreds of corporate roles, including senior leadership and director positions, as it works to trim its overhead and become a leaner company.
In 'unprecedented' decision, Southwest Airlines to layoff 1,750 employees at Dallas HQ
Southwest Airlines said it will cut 1,750 jobs at its Dallas Love Field headquarters, representing about 15% of its corporate workforce.
Southwest's layoffs dent its worker-first culture
Southwest Airlines' first company-wide layoffs in its nearly 54-year history are aimed at shoring up profits, but they run ...
Southwest Airlines’ First Major Job Cut in 53 Years Is Set to Reduce 15% Staff
Southwest Airlines (LUV) is about to implement its first-ever major job cut in 53 years, reducing 15% of its corporate staff.
Southwest pact boosts Elliott max exposure to 19.9% from 14.9%
Southwest Airlines (NYSE:LUV) entered into an amendment to the cooperation agreement with Elliott Investment Management that ...
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Southwest Airlines Co LUV
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18,117 Shares in Southwest Airlines Co. (NYSE:LUV) Purchased by Strategic Financial Concepts LLC
Strategic Financial Concepts LLC acquired a new stake in Southwest Airlines Co. (NYSE:LUV – Free Report) during the 4th ...
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Southwest Airlines' Future Dividend Projections Appear Well Covered By Earnings
Before making this announcement, Southwest Airlines was paying out a fairly large proportion of earnings, and it wasn't generating positive free cash flows either. Generally, we think that this ...
DAL, UAL, or LUV: Which Airline Stock Is Wall Street’s Best Pick?
The recently reported quarterly results of major airlines reflected strong travel demand despite a hike in airfares. Moreover, lower jet fuel ...
Southwest Airlines Co. (NYSE:LUV) Given Average Rating of “Reduce” by Brokerages
Southwest Airlines Co. (NYSE:LUV – Get Free Report) has earned a consensus rating of “Reduce” from the eighteen ratings firms ...