Dallas' Southwest Airlines announces mass layoffs for first time
North Texas cities in the greater Dallas-Fort Worth metroplex have been hit with thousands of layoffs since the start of the year. In the latest, some 1,750 employees will be laid off from their jobs with Dallas-based Southwest Airlines – a roughly 15% corporate workforce reduction for the company.
Southwest Airlines announces layoffs as company faces turmoil
Dallas-based Southwest Airlines announced Monday that it’s laying off 15% of its corporate employees. About 1,750 employees will be affected, according to a release from the airline. Eligible employees will continue to receive salary and benefits until April. They’ll also receive severance pay and help to find new jobs.
Southwest Airlines Is Slashing 15% of Its Corporate Workforce, Its First Major Layoffs in 53 Years
Southwest Airlines is eliminating 1,750 jobs, or 15% of its corporate workforce, in the first major layoffs in the company’s 53-year history
Southwest Airlines Stock Rises After Company Starts First-Ever Mass Layoff Plan
KEY TAKEAWAYS Shares of Southwest Airlines rose in premarket trading Tuesday after the carrier said it plans to cut 15% of its corporate workforce, eliminating about 1,750 jobs in the first large layoffs in its history.
Southwest Airlines lays off corporate employees in first ever mass cuts
Southwest Airlines is slashing 15 percent of its corporate workforce, approximately 1,750 employees, as the Texas carrier aims to boost revenues and shrink costs. Mass layoffs haven't been seen at Southwest before,
Southwest layoffs: LUV stock price rises as airline slashes corporate workforce in ‘transformational plan’
The low-cost air carrier said the cuts are mostly focused on corporate and leadership roles. Some 1,750 employees are expected to be laid off. Southwest Airlines has announced that it will lay off 15% of its employees in an effort to reduce costs and maximize its efficiencies.
Dallas-based Southwest Airlines announces mass layoffs, cutting 15% of corporate workforce
Southwest announced it is cutting 15% of its corporate and leadership workforce. "This decision is unprecedented in our 53-year history," Southwest President and CEO Bob Jordan said in a statement. Southwest said the 1,
Airbus Says U.S. Tariffs Would Be ‘Lose-Lose’ for Airline Industry
The European airline maker, which is Boeing’s chief rival, said it would adapt to any new tariffs, including passing on costs ...
Delta Air Lines offers $30,000 for each passenger on the flight that crashed in Toronto
Delta Air Lines is offering passengers who were on the flight that crashed and overturned at Toronto Pearson International ...
Spirit Airlines recovery plan approved by court; bankruptcy expected to end ‘in the coming weeks’
Financially troubled Spirit Airlines says its reorganization plan has been approved by a federal bankruptcy court in New York ...
Skift21h
Spirit Airlines Cleared to Exit Chapter 11 Bankruptcy
A U.S. bankruptcy judge approved Spirit Airlines' restructuring plan to emerge from Chapter 11 bankruptcy as a private ...
Spirit Airlines gets court approval for $795 million debt deal
A U.S. bankruptcy judge on Thursday approved Spirit Airlines' debt restructuring, clearing the budget airline to convert $795 ...
Sun Country Airlines: Extremely Undervalued With An Attractive Business Setup
Sun Country Airlines' business model shields it from revenue and cost fluctuations. Read how this airline focuses on ...
Southwest Airlines to cut 15% of corporate jobs as part of cost-saving plan
The layoffs, which the company expects to complete by the end of the second quarter, are estimated to net $210 million in ...
Airline tops Australia's biggest brand movers list, tech companies named in top 10
An airline, a bank and two technology companies have been named as some of Australia's biggest brand movers. This is ...