Southwest Airlines announced plans to cut 15 percent of its workforce, resulting in about 1,750 job cuts, mainly in corporate positions. CEO Bob Jordan called the decision “unprecedented” as the company aims to become leaner and more agile. The layoffs will save the airline $210 million this year and $300 million next year, but will also incur a one-time cost of $60-$80 million for severance and benefits.
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Deckers vs. Nike: Which Shoe Stock Is the Better Buy Right Now?
Nike (NKE 0.46%) and Deckers Outdoor (DECK 2.42%) have both faced significant declines this year, with Nike down 24% and Deckers down 46%. Despite Nike's larger market presence, Deckers has demonstrated stronger growth and a more diverse product range, positioning it favorably amid economic challenges. Ultimately, Deckers appears to be the better investment choice due to its growth potential and lower P/E ratio compared to Nike, which is undergoing a challenging transition. Full Article
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