Southwest Airlines pauses corporate hiring, most summer internships to cut costs
Publishing timestamp: 2025-01-14 12:29:05
Summary
Southwest Airlines is pausing most of its summer internships and noncontract hiring in order to cut costs and improve margins. CEO Bob Jordan outlined cost cuts in a staff memo, mentioning the importance of every dollar as the company aims to return to excellent financial performance. Southwest is also pausing employee team-building events and other activities to save money. The airline had been under pressure from activist investor Elliott Investment Management last year, but settled with Elliott winning five board seats. Southwest is scheduled to report fourth-quarter results on Jan. 30.
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