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’ 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. The layoffs are
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 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 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 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.
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Where Did Our LUV Go?
The company's first involuntary staff cuts come amid dramatic changes forced by investors. But can it soar by acting more like competitors it long outperformed?
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 ...
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Southwest Airlines Co LUV
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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 ...
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Southwest Airlines Amends Agreement With Elliott For Increased Economic Exposure, Announces Departure Of Key Executive
Southwest Airlines Co. (LUV) said in an exchange filing on Wednesday that it has entered into an amendment to the cooperation ...
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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 ...
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 cuts flights at its busiest airport, but in Denver 'for the long haul'
Southwest says it will maintain a significant presence in the Mile High City despite cutting some routes to improve margins ...