Southwest Airlines Stock Rises After Company Starts First-Ever Mass Layoff Plan
KEY TAKEAWAYS Shares of Southwest Airlines rose in premarket trading Tuesday after the carrier said it plans to cut 15% of its corporate workforce, eliminating about 1,750 jobs in the first large layoffs in its history.
Southwest Airlines' first-ever layoff to impact 15 percent of corporate ranks
Southwest Airlines has long boasted of never having an involuntary layoff over a history stretching back more than five decades.
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 plans to slash 15% of corporate jobs, the first mass layoffs in its company's history
Southwest Airlines announced Monday plans to slash 1,750 jobs, which the company's CEO calls an unprecedented decision. The cuts focus on corporate positions, representing 15% of the staff, including senior leadership and directors,
Dallas-based Southwest Airlines announces mass layoffs, cutting 15% of corporate workforce
Southwest announced it is cutting 15% of its corporate and leadership workforce. "This decision is unprecedented in our 53-year history," Southwest President and CEO Bob Jordan said in a statement. Southwest said the 1,
Southwest Airlines Plans to Cut 15% of Corporate Work Force
The company said the cuts, the first round of broad layoffs in the airline’s 53-year history, would affect mostly corporate employees.
Southwest Airlines is cutting 15% of its workforce in its first-ever mass layoff. Read the CEO's full memo to employees.
Southwest Airlines on Monday announced its first mass layoff, saying it would cut about 1,750 employees in a bid to boost profitability.
Southwest to Cut 15% of Corporate Jobs in First-Ever Layoffs
Southwest Airlines Co. will cut about 1,750 jobs in its leadership ranks, a dramatic step to reduce expenses that mark the ...
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Southwest Airlines Co LUV
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Southwest expands cost-cutting by announcing 15% reduction in corporate overhead workforce
After announcing a couple of decisions in January, including reducing pilot head count at a couple of bases and pause on hiring, Southwest Airlines (NYSE:LUV) on Monday announced slashing about 15% of ...
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Southwest Airlines Company Common Stock (LUV)
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