Southwest to lay off 15% of corporate staff amid rising Wall Street pressure to slash costs

Southwest Airlines cut 15% of its corporate workforce as it tries to rapidly reduce overhead costs to become a “leaner” company. The airline said that the layoffs primarily target corporate overhead and leadership positions, including senior leadership and director roles. In total, 1,750 jobs will be affected, including 11 senior leadership positions, as the carrier strives to build a “leaner and more agile organization” under its transformational plan.“We are at a pivotal moment as we transform Southwest A ...