Southwest Airlines has announced plans to lay off 15% of its corporate workforce, marking the first mass job cuts in the company’s history. The airline confirmed on Monday that approximately 1,750 employees, including senior leadership positions, will be affected, with layoffs set to begin in April. As part of the restructuring, Southwest will eliminate 11…
Southwest Airlines, a pioneer in the low-fare, no-frills airline model, announced on Thursday that it will end its five-decade-long tradition of open-seat boarding, transitioning to assigned seating. This significant change marks a departure from the airline’s distinct and successful model that has been a cornerstone of its brand identity. Southwest revealed that the decision to…
Southwest Airlines is making a historic shift in its seating policy, moving away from its long-standing open seating arrangement to a new assigned seating system. This change, which marks the first time in the airline’s history, aims to address customer feedback and enhance revenue opportunities by allowing for premium seat pricing. Additionally, Southwest will introduce…
Elliott Investment Management has acquired a $1.9 billion stake in Southwest Airlines, urging significant leadership changes at the Dallas-based carrier. Announcing their position on Monday, Elliott criticized Southwest’s current leadership for poor execution and an outdated strategy that has resulted in disappointing outcomes for shareholders, employees, and customers. “Southwest’s poor execution and leadership’s stubborn unwillingness…
