Transportation
Southwest to Cut 15% of Corporate Jobs in First-Ever Layoffs
- Reductions to affect about 1,750 roles beginning in April
- Carrier has been cutting costs in wake of activist battle
A Southwest Airlines aircraft at a gate at Austin–Bergstrom International Airport in Austin, Texas.
Photographer: Jordan Vonderhaar/BloombergThis article is for subscribers only.
Southwest Airlines Co. will cut about 1,750 jobs in its leadership ranks, a dramatic step to reduce expenses that mark the first layoffs in the carrier’s history.
The pullback will impact 15% of corporate positions, including senior leadership and directors, the airline said Monday in a statement. The reductions start in late April and will be “substantially complete” by the end of the second quarter.