Southwest to lay off 15% of corporate staff amid rising Wall Street pressure to slash costs
1. Southwest Airlines layoffs 15% of corporate workforce to reduce costs. 2. 1,750 jobs affected, including 11 senior leadership roles. 3. Expected savings of $210 million in fiscal year 2025. 4. The company aims for $500 million savings by 2027. 5. CEO emphasizes need for financial performance improvement amid investor pressure.