MicroWave@lemmy.world to Economics@lemmy.worldEnglish · 14 days agoSouthwest Airlines to slash 15% of corporate jobs in 'unprecedented' move to cut costswww.cnbc.comexternal-linkmessage-square4fedilinkarrow-up156file-text
arrow-up156external-linkSouthwest Airlines to slash 15% of corporate jobs in 'unprecedented' move to cut costswww.cnbc.comMicroWave@lemmy.world to Economics@lemmy.worldEnglish · 14 days agomessage-square4fedilinkfile-text
KEY POINTS Southwest said it would cut about 15% of its corporate workforce, or 1,750 jobs. The airline has been under pressure to cut costs. CEO Bob Jordan said it was the company’s first large-scale layoff.
minus-squaredangling_catlinkfedilinkarrow-up15·13 days agoSouthwest was purchased by a private equity firm, so it’s only going to go down from here.
minus-squaredoc@fedia.iolinkfedilinkarrow-up11·13 days agoIt was? When? This is the first time I’ve heard that. Just checked: private equity came in last summer and has a number of seats on the board. Not so much a purchase, but that influence will mean changes to “add shareholder value.” Ugh.
Southwest was purchased by a private equity firm, so it’s only going to go down from here.
It was? When? This is the first time I’ve heard that.
Just checked: private equity came in last summer and has a number of seats on the board. Not so much a purchase, but that influence will mean changes to “add shareholder value.” Ugh.