this post was submitted on 18 Feb 2025
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Economics

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Southwest Airlines to slash 15% of corporate jobs in 'unprecedented' move to cut costs (www.cnbc.com)
submitted 5 months ago by MicroWave@lemmy.world to c/economics@lemmy.world
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KEY POINTS

  • Southwest said it would cut about 15% of its corporate workforce, or 1,750 jobs.
  • The airline has been under pressure to cut costs.
  • CEO Bob Jordan said it was the company’s first large-scale layoff.
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[–] doc@fedia.io 11 points 5 months ago

It was? When? This is the first time I've heard that.

Just checked: private equity came in last summer and has a number of seats on the board. Not so much a purchase, but that influence will mean changes to "add shareholder value." Ugh.