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Southwest to cut 15% of corporate jobs in first-ever layoffs

Southwest Airlines announced its first-ever layoffs, planning to cut approximately 15% of its corporate jobs, which equates to around 2,000 positions, as part of a broader cost-cutting initiative. This decision comes in response to ongoing financial pressures including rising labor and fuel costs, as well as delays in receiving new aircraft from Boeing. The layoffs will primarily affect employees in departments like marketing, communications, and technology, sparing frontline workers such as pilots and flight attendants. CEO Bob Jordan emphasized that these measures are necessary to ensure the airline's long-term viability, despite the company's efforts to avoid such actions in the past. Additionally, Southwest is offering severance packages, extended health benefits, and job placement assistance to those affected.

Read the Full Fortune Article at:
[ https://fortune.com/2025/02/18/southwest-cut-15-percent-corporate-jobs-first-ever-layoffs/ ]