Southwest Airlines Plans First Major Layoffs In Company History

The Dallas-based airline is planning to eliminate 15% of its corporate workforce.

Southwest Airlines announced plans to conduct the first major layoffs in the company’s 53-year history.

The Dallas-based airline is planning to eliminate 15% of its corporate workforce.

The job cuts will be focused nearly entirely on “corporate overhead and leadership positions,” including senior leadership and directors.

Eleven senior leadership positions that represent 15% of the company’s senior management committee, are being eliminated.

The job cuts are scheduled to be completed by the end of June and are part of a plan to slash costs and transform the company into a “leaner, faster, and more agile organization.”