Transportation
Southwest Air Halts Corporate Hiring, Extending Cost Cuts
- CEO Bob Jordan tells workers ‘every single dollar matters’
- Company also pauses some internships, hiring outside workers
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Southwest Airlines Co. is pausing hiring for management, headquarters jobs and outside workers in a new round of cost cuts following a fight with activist shareholder Elliott Investment Management.
The latest changes also include a temporary halt to most internship offers, as well as a suspension of two of the company’s popular annual rallies that celebrate accomplishments and lay out plans for the new year, according to an employee memo from Chief Executive Officer Bob Jordan that was seen by Bloomberg News.