Southwest hiring freeze . No promotions, no hiring, no bonus only layoffs

[ManchamKodi]

kottabothunnam @Sonu_Patel on florida houses

[ManchamKodi]

cc @Tellugodu

[Aquaman]

Southwest’s cost cutting expands into a hiring freeze

SouthwestLUV $33.05 (1.47%) is freezing corporate hiring and promotions, pausing most summer internships, and skipping its annual team-building “rallies” as it continues to cut costs.

The move follows a year of cuts at Southwest, including stopping service to four airports in April and cutting more than 300 pilot and flight-attendant positions in September. In July, the airline said it would ditch its love-it-or-hate-it open-seating policy to open up premium options.

Southwest Airlines Halts Corporate Hiring, Extending Cost Cuts

 

The airline ceded five board seats to activist investor Elliott Management in October.

Southwest shares are up more than 15% over the past 12 months, lagging behind the S&P 500. Rival airlines’ shares are doing far better over the same period: United AirlinesUAL $107.85 (2.84%) is up 176%, Delta Air LinesDAL $66.29 (1.81%) is up 74%, JetBlueJBLU $7.72 (2.06%) is up about 56%, and American AirlinesAAL $18.20 (3.47%) has climbed by about 38%.

[Moon_Walker]

7 minutes ago, Aquaman said:

Southwest’s cost cutting expands into a hiring freeze

SouthwestLUV $33.05 (1.47%) is freezing corporate hiring and promotions, pausing most summer internships, and skipping its annual team-building “rallies” as it continues to cut costs.

The move follows a year of cuts at Southwest, including stopping service to four airports in April and cutting more than 300 pilot and flight-attendant positions in September. In July, the airline said it would ditch its love-it-or-hate-it open-seating policy to open up premium options.

Southwest Airlines Halts Corporate Hiring, Extending Cost Cuts

 

The airline ceded five board seats to activist investor Elliott Management in October.

Southwest shares are up more than 15% over the past 12 months, lagging behind the S&P 500. Rival airlines’ shares are doing far better over the same period: United AirlinesUAL $107.85 (2.84%) is up 176%, Delta Air LinesDAL $66.29 (1.81%) is up 74%, JetBlueJBLU $7.72 (2.06%) is up about 56%, and American AirlinesAAL $18.20 (3.47%) has climbed by about 38%.

Elliott Management enter ayindhi ante they will rip this company apart and many heads will roll.

[Tellugodu]

Southwest Airlines used to be a great employer. No layoffs since past many years and good bonus and 9% 401k match. Long term employees enjoy chesaru. Now will struggle.