Southwest Airlines to slash 15% of corporate jobs in 'unprecedented' move to cut costs

• 

  Southwest Airlines slashing 15% of corporate workforce

  Southwest Airlines is eliminating 1,750 jobs, or 15% of its corporate workforce, in the first major layoffs in the company’s 53-year history
  
  ABC News - 2d

• Southwest Airlines to cut 1,750 corporate positions in first nonvoluntary layoffs in its 53-year history

  Southwest Airlines said it seeks to cut costs and create a leaner, more competitive company.
  
  MarketWatch - 2d
• 

  Firms plan job cuts as employment costs rise

  Companies' confidence falls as they face increases to National Insurance payments and wages
  
  BBC News - 3d

• Chevron will slash up to 20% of its workforce as part of cost-cutting plan

  The layoffs will begin this year with most of the cuts complete before the end of 2026.
  
  CNBC - Feb. 13
• 

  Collins, Britt raise concerns about NIH move to slash billions in research costs

  Two Republican senators, including a reliable ally of President Trump, have raised concerns about the National Institutes of Health's (NIH) decision to cut billions of dollars of “indirect” costs ...
  
  The Hill - Feb. 10
• 

  Musk Joins Trump To Defend Aggressive Cost-Cutting Moves

  Billionaire Elon Musk, who leads President Trump's Department of Government Efficiency, pledged full transparency in his efforts to cut wasteful federal government spending. It comes as Democrats ...
  
  NBC News - Feb. 11
• 

  Southwest Layoffs Will Take 15% of Its Work Force

  The company said the cuts, the first round of broad layoffs in the airline’s 53-year history, would affect mostly corporate employees.
  
  The New York Times - 2d
• 

  Steelers release veteran pass rusher in cost-cutting move months after acquiring him from Packers

  Cutting Preston Smith saves Pittsburgh $12 million in cap space
  
  CBS Sports - 5d
• 

  NIH announces it's slashing funding for indirect research costs

  The National Institutes of Health announced that the agency is making cuts to grants that support research institutions by limiting the amount of indirect funding for research projects to just 15%.
  
  NBC News - Feb. 8

More from CNBC

• Walmart shares drop as retailer says profit growth will slow

  Walmart has factors that could work in its favor, including a growing online business and market share gains from higher-income shoppers.
  
  CNBC - 1h

• Amazon surpasses Walmart in revenue for the first time

  Walmart reported $180.5 billion in sales during the most recent quarter while Amazon reeled in $187.8 billion.
  
  CNBC - 17m

• Trump is 'not happy' with Boeing over Air Force One delays, but airlines are growing upbeat

  President Trump has expressed frustration about delays of new Air Force One aircraft from Boeing.
  
  CNBC - 1h

• Palantir shares drop 7%, falling for a second day, as retail traders' latest cult obsession starts to unwind

  Wednesday's decline came as investors keyed in on the CEO's new stock sale plan and the possibility of defense cuts.
  
  CNBC - 1h

• New York Gov. Hochul will not remove Mayor Eric Adams 'right now'

  The DOJ is seeking to dismiss its criminal case against Adams, citing the need for his cooperation on Trump immigration enforcement policies.
  
  CNBC - 5m

More in Business

• 

  Fox News, CNN and Other Outlets Urge White House to Drop AP Ban

  Dozens of major news organizations, including some conservative outlets, urged the Trump administration to stop blocking The Associated Press from press events.
  
  The New York Times - 5m

• New York Gov. Hochul will not remove Mayor Eric Adams 'right now'

  The DOJ is seeking to dismiss its criminal case against Adams, citing the need for his cooperation on Trump immigration enforcement policies.
  
  CNBC - 5m

• Your retirement savings are at risk in an openly insane stock market

  Fund managers admit they’re buying overvalued stocks.
  
  MarketWatch - 7m

• Amazon surpasses Walmart in revenue for the first time

  Walmart reported $180.5 billion in sales during the most recent quarter while Amazon reeled in $187.8 billion.
  
  CNBC - 17m

• Walmart is the Dow’s worst performer today. Analysts aren’t nervous.

  Walmart was the Dow Jones Industrial Average’s worst performer on Thursday, after the big-box retail chain forecast its first year-over-year drop in quarterly profit in three years.
  
  MarketWatch - 26m