Southwest Airlines Layoffs: US-Based Low-Cost Carrier To Lay Off 1,750 Employees and Senior Leaders To Reduce Costs, Streamline Operations
Southwest Airlines, the US-based low-cost carrier, is set to lay off 1,750 employees as senior leaders aim to reduce costs and streamline operations.
Dallas, February 18:슬롯 머신 사이트 추천Southwest Airlines, a US-based low-cost carrier, will reportedly슬롯 머신 사이트 추천lay off around 1,750 employees to reduce costs and streamline operations. The Southwest Airlines layoffs will reportedly슬롯 머신 사이트 추천cut 15% of corporate jobs from the company's workforce. The job cuts will affect the individuals in corporate and leadership슬롯 머신 사이트 추천positions at the airlines as well. As per reports, Southwest Airlines will lay off 11 senior슬롯 머신 사이트 추천leaders representing around 15% of the workforce.슬롯 머신 사이트 추천
According to the reports, Southwest Airlines layoffs were announced for the first time in 53 years, as stated by CEO Bob Jordan. He added that the job cuts decision was "unprecedented" and 슬롯 머신 사이트 추천would be taken at a pivotal moment슬롯 머신 사이트 추천to transform Southwest Airlines.슬롯 머신 사이트 추천Jordan슬롯 머신 사이트 추천said슬롯 머신 사이트 추천the company would be faster, leaner, and agile after implementing the layoffs.슬롯 머신 사이트 추천Blue Origin Layoffs: Jeff-Bezos Owned Aerospace Company To Cut 1,400 Jobs To Cut Costs, Speed Up New Glenn Manufacturing for Upcoming Launches.
The reports mentioned that슬롯 머신 사이트 추천Southwest Airlines layoffs would슬롯 머신 사이트 추천be complete by the end of the second quarter. The move would likely help the company save USD 210 million in 2025.슬롯 머신 사이트 추천By 2026, the job cuts would reportedly help the슬롯 머신 사이트 추천airline save up to USD 300 million.슬롯 머신 사이트 추천
Southwest layoffs슬롯 머신 사이트 추천were슬롯 머신 사이트 추천announced at the time of Boeing, and other airlines have initiated cutting jobs for various reasons.슬롯 머신 사이트 추천The company said that the expected one-time charge for the first quarter of 2025 would be in the range of USD 60 to USD 80 million. The슬롯 머신 사이트 추천workforce reduction would be part of a previously슬롯 머신 사이트 추천announced plan to improve the balance sheet and슬롯 머신 사이트 추천profitability. In September, the슬롯 머신 사이트 추천low-cost airlines.슬롯 머신 사이트 추천Meta Layoffs: Laid-Off Employees Push Back Against 슬롯사이트˜Low Performer슬롯사이트� Label and Say It Was Part of Business Strategy Not Performance, Says Reports.
Last week,슬롯 머신 사이트 추천Southwest Airlines replaced its retiring CFO, Tammy Ramo, by슬롯 머신 사이트 추천hiring Tom Doxey, an industry veteran, to manage슬롯 머신 사이트 추천the company's financial operations. The airline posted a higher profit슬롯 머신 사이트 추천for the fourth quarter compared to previous estimates.
(The above story first appeared on LatestLY on Feb 18, 2025 04:53 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).