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.
The Dallas-based airline said Monday that the job cuts would be focused almost entirely on "corporate overhead and leadership positions," including senior leadership and directors.
Eleven senior leadership positions, representing 15% of the company's senior management committee, are also being eliminated.
Southwest CEO Bob Jordan said the job cuts are part of a plan by the airline to slash costs and transform the company into a "leaner, faster, and more agile organization in a statement.

This is a story I immediately went home and showed my boys - young athletes with big dreams. The Vanderbilt football team's success has stolen the spotlight - what I love about Steve Layman's story is he reveals the individual hardships it took to get there. As Clark Lea says, "we all have scuff marks." This team proves perseverance pays off!
- Carrie Sharp