Southwest Airlines Stock Rises After Company Starts First-Ever Mass Layoff Plan
Southwest Airlines(LUV) Investopedia·2025-02-18 11:55KEY TAKEAWAYSShares of Southwest Airlines rose in premarket trading Tuesday after the carrier said it plans to cut 15% of its corporate workforce, eliminating about 1,750 jobs in the first large layoffs in its history.The cuts are slated to be mainly completed by the end of the second quarter.Southwest shares have lost 10% of their value in the year through Friday. Shares of Southwest Airlines (LUV) rose in premarket trading Tuesday after the carrier said it plans to cut 15% of its corporate workforce, elim ...