Southwest Airlines is imposing several cost-cutting measures as it faces pressure from activist investors.

According to Southwest Airlines, Tammy Romo, the executive vice president and chief financial officer (CFO), and Linda Rutherford, the chief administration officer (CAO), will both retire on April 1.

Southwest Airlines Co. is pausing hiring for management, headquarters jobs and outside workers in a new round of cost cuts following a fight with

Following a bitter battle with an activist investor, Southwest is pausing corporate hiring and most summer internships to cut costs and improve margins.

CEO Bob Jordan said, "Every single dollar matters as we continue to fight to return to excellent financial performance."

Southwest Airlines says it's not filling some jobs and summer internships this year as the company looks to lower costs.

Southwest Airlines Co. is pausing hiring for management, headquarters jobs and outside workers in a new round of cost cuts following a fight with activist shareholder Elliott Investment Management.

Southwest said that it will continue to evaluate its hiring needs on an ongoing basis to determine when it makes the most sense to restart hiring.

The Department of Transportation is suing Southwest Airlines, accusing it of operating two “chronically delayed flights” in 2022 that resulted in 180 flight disruptions.

In September, the company slashed its flights from Atlanta, eliminating jobs, though staff were able to apply to work out of other bases.

The move comes after a dispute with the activist firm Elliott Investment Management. Southwest Airlines is pausing corporate hiring to cut costs, a company spokesperson confirmed to Business Insider.

Southwest Airlines previously said that due to Boeing delivery delays, it has been overstaffed and that it would not grow its workforce through 2026.