Southwest Airlines cut 15% of its corporate workforce as it tries to rapidly reduce overhead costs to become a "leaner" company. The airline said that the layoffs primarily target corporate overhead and leadership positions, including senior leadership and director roles. In total, 1,750 jobs will be affected, including 11 senior leadership positions, as the carrier strives to build a "leaner and more agile organization" under its transformational plan. "We are at a pivotal moment as we transform Southwest Airlines into a leaner, faster, and more agile organization," CEO Bob Jordan said in a statement. SOUTHWEST TO PAUSE SOME HIRING, SUMMER INTERNSHIPS IN COST-CUTTING MEASURE Southwest said most of the separations will be completed by the end of the second fiscal quarter, and will result in approximately $210 million in savings for fiscal year 2025 and $300 million for the full 2026 fiscal year. The company expects to incur $60 million to $80 million in costs related to severance payments and post-employment benefits in the first quarter of fiscal year 2025.

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