In a regulatory filing on Monday, Southwest Airlines announced its first-ever round of mass layoffs in its 53-year history as the airline aims to cut costs.
The cuts affect 1,750 corporate employees or 15% of Southwest’s nearly 12,000-person corporate workforce. Southwest will also eliminate eleven senior leadership positions at the vice president level and above, the equivalent of 15% of its senior management committee.
Related: Customers Furious at Southwest Airlines After 20 Passengers Ask For Wheelchair Assistance to Board
“This decision is unprecedented in our 53-year history, and change requires that we make difficult decisions,” Southwest CEO Bob Jordan stated in a press release. “We are at a pivotal moment as
→ Continue reading at Entrepreneur