A Southwest Airways Boeing 737 passenger aircraft taxis alongside the tarmac on the Ronald Reagan Washington Nationwide Airport (DCA) in Arlington, Virginia on December 13, 2024.
Daniel Slim | Afp | Getty Photos
Southwest Airways mentioned Monday that it’s slicing about 15% of company jobs, or about 1,750 folks, a transfer its CEO known as “unprecedented” as the corporate scrambles to chop prices.
The corporate mentioned it expects web financial savings of $210 million this 12 months and about $300 million in 2026 from the cuts. The layoffs can be largely executed by the tip of the second quarter and embrace some senior management roles, CEO Bob Jordan mentioned in a employees notice, which was seen by CNBC.
“This resolution is unprecedented in our 53-year historical past, and alter requires that we make tough choices,” Jordan mentioned in a information launch. “We’re at a pivotal second as we remodel Southwest Airways right into a leaner, quicker, and extra agile group.”
That is breaking information. Test again for updates.
