Shares of Southwest Airlines (LUV) slid 2% after JPMorgan downgraded the airline to an Underweight rating from Neutral, ...
Southwest is undergoing an ambitious turnaround plan under the watchful eye of activist investor Elliott Management.
Once a company that touted its “fun-luving” attitude and ability to avoid mass layoffs, Southwest (LUV) is now making changes it “once ...
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Employees of Southwest Airlines who for decades have been accustomed to a family-like workplace were left heartbroken last ...
FOX News on MSN12d
Southwest to lay off 15% of corporate staff amid rising Wall Street pressure to slash costsIn total, 1,750 jobs will be affected, including 11 senior leadership positions, as the carrier strives to build a “leaner ...
"Investor consternation has crescendoed once again, focused primarily on the consumer, domestic capacity, and the impact of reduced government travel," Baker said Monday in a research note. "As a ...
Baidu Q4 beats top-line and bottom-line estimates. Southwest expands cost-cutting by announcing 15% reduction in corporate ...
The layoffs, which the company expects to complete by the end of the second quarter, are estimated to net $210 million in ...
CEO Bob Jordan called the cuts "unprecedented in our 53-year history" but said they come at "a pivotal moment as we transform ...
Dallas-based Southwest airlines just announced mass layoffs — the first in its 53-year history. The company is cutting 15% of ...
Southwest Airlines cut 15% of its corporate workforce ... to fight to return to excellent financial performance,” The Wall Street Journal reported. The layoffs would impact 1,750 jobs, including ...
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