New York CNN —
Southwest Airlines said Monday it will cut 15% of its corporate workforce, or 1,750 people — the first mass layoffs in the company’s history.
The cuts will start in April and include senior leadership, the company announced. Eleven senior leadership positions, which include vice presidents and above, will be eliminated.
Southwest said it expects the layoffs will save the company $210 million this year and $300 million in 2026. It expects a one-time charge between $60 million to $80 million for costs such as severance.
“As we continue to
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