Southwest is cutting about 1,750 corporate jobs in a race to cut costs.

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.
    • adarza@lemmy.caEnglish
      7·
      14 days ago

      could perhaps also be that they’re expecting an extended period of lower demand due to ‘current events’

  • dangling_cat
    15·
    14 days ago

    Southwest was purchased by a private equity firm, so it’s only going to go down from here.

    • doc@fedia.io
      11·
      14 days ago

      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.