Southwest Airlines halts hiring, promotions, and events to cut costs and improve finances.

Southwest Airlines is pausing corporate hiring, promotions, and most summer internships to reduce costs and boost financial performance. The airline is also suspending its traditional team-building events known as "Southwest Rallies." These measures follow pressure from activist investor Elliott Investment Management and aim to improve margins as the airline faces increased competition and seeks to enhance its financial standing.

2 months ago
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