India, Feb. 17 -- Southwest Airlines Co. announced a significant reduction in its workforce as part of a transformational plan to create a leaner, more agile organization. Approximately 1,750 roles, primarily within corporate overhead and leadership positions, will be eliminated, representing around 15% of corporate positions, including senior leadership and directors. Notably, 11 senior leadership roles (Vice President and above) will be cut, constituting 15% of the Company's senior management committee.
The layoffs will not begin until late April. Until then, most employees who are notified of their displacement will not work but will continue to receive their salary, benefits, and, if eligible, bonuses. The layoffs will be substantially...