Southwest Airlines plans to cut 1,750 jobs or 15 percent of its corporate workforce, in the US carrier's first company-wide layoffs in its 54-year history. The Dallas-based airline said Monday that the job cuts would be focused almost entirely on “corporate overhead and leadership positions,

Southwest Airlines , the fourth-largest airline in the U.S., is on a strict road to recovery after facing significant reputational and financial headwinds over the last few years.