Southwest Airlines Pauses Hiring, Internships, and Parties To Save Costs. The Stock Is Up.
Southwest Airlines stock was rising early Tuesday after it announced plans to halt most regular and summer internship hiring plans as well as its annual party. In an emailed statement to Barron’s, the company said it is “pausing on most summer internship positions (honoring offers already made) and pausing all noncontract internal and external hiring,
Southwest Airlines pauses corporate hiring, most summer internships to cut costs
Southwest is pausing most of its summer internships as well as noncontract hiring. Southwest CEO Bob Jordan outlined the cost cuts in a staff memo. The carrier had been under pressure from an activist investor to improve returns.
Southwest Pausing Some Hirings, Internships as the Airline Looks to Reduce Costs
Southwest Airlines is hitting the pause button on some of its hirings, internships and employee events this year as the company looks to lower costs
Southwest Airlines is pressing pause on hiring and staff rallies to cut costs
Southwest Airlines is imposing several cost-cutting measures as it continues to face pressure from activist investors.
Southwest Air Halts Corporate Hiring, Extending Cost Cuts
Southwest Airlines Co. is pausing hiring for management, headquarters jobs and outside workers in a new round of cost cuts following a fight with activist shareholder Elliott Investment Management.
Southwest Airlines Pauses Some Hiring to Tamp Down Costs
Southwest Airlines is delaying some corporate hiring and promotions and pausing most summer internship positions, as part of a broader campaign to cut expenses. Chief Executive Bob Jordan on Monday outlined the moves in a staff memo,
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