Southwest Airlines pauses corporate hiring and promotions, summer internships
Southwest Airlines is suspending corporate hiring, promotions and summer internships to cut costs after months of pressure from activist investors. The Dallas-based airline also discontinued “Southwest Rallys,” a team-building program dating back to 1985 that provided free food and entertainment, and company leaders discussed Southwest Airlines' future vision with employees. talk to members. CEO Bob […]
Southwest to pause some hiring, summer internships in cost-cutting measure
Gary Kaltbaum, president of Kaltbaum Capital Management, analyzes Nvidia and Southwest Airlines for Varney & Co. Southwest Airlines is aiming to cut costs by canceling some hiring and most summer internships. “As we focus on reducing costs, we are limiting discretionary expenses, including hosting this year's Southwest Rally,” a Southwest Airlines spokesperson told FOX Business. […]
Paid summer internships plunge as major US banks, companies trim costs
Wall Street banks and other large companies are cutting paid summer internships in an effort to cut costs, reportedly increasing competition for the few attractive jobs that remain. Goldman Sachs is hiring 200 fewer summer analysts this year than it will for 2023, while JPMorgan is cutting its summer analyst class by 600, more than […]
Internships offer experience, skills and can open doors
Forget about summer travel and lifeguards. Sky’s college student Crabtree is ready to sharpen his journalism skills with an internship this summer. NBC 4 New York At 30 Rock. The 19-year-old rising junior at Stony Brook University on Long Island worked with Better Get Baquero’s consumer reporting team to monitor tip lines, interview sources, record […]