Southwest Airlines (LUV) said Monday it will reduce its workforce by 1,750 mosrly corporate and leadership employees inas part of a restructuring.
The layoffs represent about 15% of corporate jobs and include senior leadership and director posts, including vice presidents, and will be mostly complete by H2 2025.
The company said it estimates savings from the layoffs will total $210 million in 2025 and $300 million in 2026, excluding expected one-time Q1 2025 charges of $60 million to $80 million in severance payments and post-employment benefits.
President and Chief Executive Officer Bob Jordan said the changes will make the airline "into a leaner, faster, and more agile organization."
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