tiprankstipranks
Southwest pausing corporate hiring, stopping staff rallies, BI reports
The Fly

Southwest pausing corporate hiring, stopping staff rallies, BI reports

Southwest (LUV) Airlines is pausing corporate hiring in an effort to reduce costs, a company spokesperson confirmed to Business Insider, Pete Syme reports. Southwest is also pausing summer internships, Syme writes. “Every single dollar matters as we continue to fight to return to excellent financial performance,” CEO Bob Jordan told staff in a memo. In addition to pausing hiring, Southwest is making cuts to non-core spending, including stopping its long-standing tradition of holding staff rallies.

Invest with Confidence:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App