Southwest Airlines Just Did One of the Worst Things Any Company Can Do
Of all airlines, Southwest is the one where a a big, company-wide party like the rallies is most keyed in to the culture. As Gary Leff put it in reporting at View From the Wing, this isn’t a matter of telling employees that they need to band together to save the company from bankruptcy.
Southwest CFO to Exit in Latest Shakeup After Activist Fight
Southwest Airlines Co.’s top finance executive plans to step down after more than 33 years with the carrier, extending a leadership overhaul in the wake of an activist campaign by shareholder Elliott Investment Management.
Gateway Investment Advisers LLC Cuts Position in Southwest Airlines Co. (NYSE:LUV)
Gateway Investment Advisers LLC lowered its position in Southwest Airlines Co. (NYSE:LUV – Free Report) by 45.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
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Southwest Pauses Corporate Hiring, Most Summer Internships to Cut Costs
Following a bitter battle with an activist investor, Southwest is pausing corporate hiring and most summer internships to cut costs and improve margins.
Southwest Airlines is pressing pause on hiring and staff rallies to cut costs
Southwest Airlines is cutting costs. It's pausing corporate hiring, summer internships, and a team-building tradition. The move comes after a dispute with the activist firm Elliott Investment Management. Southwest Airlines is pausing corporate hiring to cut costs, a company spokesperson confirmed to Business Insider.
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Southwest CFO Romo to retire in continuation of management shake-up
Tammy Romo will leave the company on 1 April, a move coming as the Dallas-based airline progresses with revamping its business following several years of lagging profits.
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Southwest puts a freeze on corporate hiring and employee rallies
CEO Bob Jordan said, "Every single dollar matters as we continue to fight to return to excellent financial performance."
Southwest Airlines to lose 2 top execs in April
The leadership changes come after the airline's executive chairman was pressured to retire early last year and two-thirds of the company's board was replaced.
Southwest pauses some hiring and summer internships as the airline looks to reduce costs
Southwest Airlines says it's not filling some jobs and summer internships this year as the company looks to lower costs.
DOT sues Southwest Airlines over 2 ‘chronically delayed’ flight routes
The Department of Transportation is suing Southwest Airlines, accusing it of operating two “chronically delayed flights” in 2022 that resulted in 180 flight disruptions.
Southwest Airlines pauses some hirings, internships, and rallies to reduce costs
Southwest said that it will continue to evaluate its hiring needs on an ongoing basis to determine when it makes the most sense to restart hiring.
Southwest Airlines pauses corporate hiring, most summer internships to cut costs
In September, the company slashed its flights from Atlanta, eliminating jobs, though staff were able to apply to work out of other bases.