this post was submitted on 18 Feb 2025
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Economics

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Southwest Airlines to slash 15% of corporate jobs in 'unprecedented' move to cut costs (www.cnbc.com)
submitted 1 month ago by [email protected] to c/[email protected]
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KEY POINTS

  • Southwest said it would cut about 15% of its corporate workforce, or 1,750 jobs.
  • The airline has been under pressure to cut costs.
  • CEO Bob Jordan said it was the company’s first large-scale layoff.
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[–] [email protected] 24 points 1 month ago (1 children)

Line must go up

[–] [email protected] 7 points 1 month ago

could perhaps also be that they're expecting an extended period of lower demand due to 'current events'

[–] [email protected] 15 points 1 month ago (1 children)

Southwest was purchased by a private equity firm, so it’s only going to go down from here.

[–] [email protected] 11 points 1 month ago

It was? When? This is the first time I've heard that.

Just checked: private equity came in last summer and has a number of seats on the board. Not so much a purchase, but that influence will mean changes to "add shareholder value." Ugh.