AssetID: 54527172
Headline: UNCAPTIONED: Southwest Airlines to Cut 15% of Corporate Workforce Amid Struggles
Caption: Southwest Airlines to Cut 15% of Corporate Workforce Amid Struggles. Southwest Airlines is laying off 15% of its corporate employees, around 1,750 jobs, as part of cost-cutting efforts. Affected staff will receive salaries and benefits until April, along with severance pay and job assistance. CEO Robert Jordan called the move an “extremely difficult decision”. The airline has faced financial and legal challenges including a lawsuit from the U.S. Department of Transportation over chronically delayed flights. Southwest also announced board restructuring in October after pressure from investment firm Elliott. Despite efforts to boost revenue, including assigned seating, layoffs are seen as necessary for the company’s future. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politicis,Southwest Airlines,laying off,15%,corporate employees,jobs,cost-cutting,efforts,severance pay,job assistance,benefits,salaries,staff,receive,financial,legal,challenges,sued,U.S. Department of Transportation,chronically,delayed flights
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