Southwest Airlines (LUV) , 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. In December 2022,

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 is slashing 15 percent of its corporate workforce, approximately 1,750 employees, as the Texas carrier aims to boost revenues and shrink costs.

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.

Southwest Airlines is planning to eliminate an estimated 1,750 positions — about 15% of its corporate workforce — in what will mark the company's first major job cuts in its 53-year history.