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

Southwest Airlines announced it is cutting 15% of its corporate jobs, about 1,750 positions, to reduce costs.

CEO Bob Jordan described the layoffs as “unprecedented” in the company’s 53-year history, aiming for $210 million in savings this year and $300 million in 2026.

The cuts, which include senior leadership roles, are expected to be completed by the end of Q2.

This follows a settlement with activist investor Elliott Investment Management, which pushed for leadership changes, CNBC has reported.

Southwest has also implemented a hiring freeze, paused its internship program, and cut unprofitable routes as part of its cost-saving strategy.

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

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