Southwest Airlines pauses corporate hiring, most summer …

15 hours ago · Southwest Airlines is pausing corporate hiring and promotions, suspending most of its summer internships and going without some employee team-building events that date back to the 1980s in order ...

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FAQs about Southwest Airlines pauses corporate hiring, most summer … Coupon?

Why is Southwest Airlines putting a pause on hiring?

Southwest Airlines is hitting pause on corporate hiring, promotions and summer internships to cut costs after months of pressure from an activist investor. ...

Why is Southwest Airlines cutting costs?

Southwest Airlines is cutting costs. It's pausing corporate hiring, summer internships, and a popular team-building tradition. The move comes after a dispute with activist firm Elliott Investment Management. Southwest Airlines is pausing corporate hiring to cut costs, a company spokesperson confirmed to Business Insider. ...

Why did southwest's shares rise in morning trading?

Shares of Southwest rose slightly in morning trading. Southwest Airlines said Tuesday that it would put the filling of some jobs and summer internships on hold this year as the company looks to lower costs. The airline said it would honor internship offers already made but pause all "non-contract internal and external hiring.” ...

How has Southwest changed over the past 12 months?

The airline also started offering overnight flights and cut back on less cost-effective routes – slashing routes from Atlanta in September. The move cut jobs, though the airline allowed staff to apply for work out of other Southwest bases. Southwest shares are up about 14% over the past 12 months – growing at a slower pace than industry rivals. ...

What happened to Southwest Airlines?

Southwest spent months last year under pressure from activist Elliott Investment Management, which called for a CEO change at the carrier. The two sides settled in October with Elliott winning five Southwest board seats, short of control, and Jordan remaining in the top job. ...

Is Southwest Airlines profitable?

Since then, the company has been more profitable than American Airlines but far less so than Delta Air Lines and United Airlines. Southwest was a scrappy upstart for much of its history. It operated out of less-crowded secondary airports where it could turn around arriving planes and take off quickly with a new set of passengers. ...