Southwest to lay off 15% of corporate staff amid rising Wall Street pressure to slash costs
1. Southwest Airlines will cut 1,750 jobs to reduce costs. 2. Layoffs mainly affect corporate overhead and senior leadership positions. 3. Estimated savings: $210 million in 2025 and $300 million in 2026. 4. The changes follow pressure from activist investor Elliott Management. 5. Southwest aims for $500 million savings run rate by 2027.