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Southwest Airlines to slash 15% of corporate jobs in 'unprecedented' move to cut costs - TL;DR CNBC

Southwest Airlines to slash 15% of corporate jobs in 'unprecedented' move to cut costs

Publishing timestamp: 2025-02-17 22:00:14


Summary

Southwest Airlines is cutting about 15% of its corporate workforce, or 1750 jobs, in an effort to cut costs and become a leaner organization. The layoffs are expected to save the company $210 million this year and $300 million in 2026. The decision comes after pressure from activist investors and other cost-cutting measures implemented by the airline.


Sentiment: NEGATIVE

Tickers: LUV, 

Keywords: business,  breaking news: business,  transportation,  labor economy,  southwest airlines co,  business news,  aerospace and defense industry,  travel,  personnel,  airlines,  life, 

Source: https://www.cnbc.com/2025/02/17/southwest-airlines-to-cut-15percent-of-corporate-jobs-in-cost-saving-push.html


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