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

Southwest Airlines is cutting costs. It's pausing corporate hiring, summer internships, and a team-building tradition. 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.

With that, let’s talk about Southwest Airlines. Because this week Southwest announced that ahead of some major changes in the airline’s operations looming –getting ready to get rid of the open seating model is the big one–the airline is trying to cut costs.

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

Gateway Investment Advisers LLC lowered its position in Southwest Airlines Co. (NYSE:LUV – Free Report) by 45.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.

On Friday, Southwest Airlines Co (LUV) stock saw a decline, ending the day at $32.1 which represents a decrease of $-0.06 or -0.19% from the prior close of $32.16. The stock opened at $32 and touched a low of $31.86 during the day, reaching a high of $32.33. The volume of shares traded was 10.28 million exceeding the average volume of 6.96 million.

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

The Department of Transportation is suing the airline for what it characterized as months of "chronically delayed" flights — those that arrive at least 30 minutes late more than half the time.

Today's podcast looks at Tripadvisor's artificial intelligence deal, Southwest's hiring changes, and Banyan's brand expansion outside of Asia.

Southwest Airlines is hitting pause on corporate ... embroiled in a bitter proxy fight with activist investor Elliott Investment Management, founded by billionaire Paul Singer.

Southwest Airlines said Tuesday that it would ... in a partial concession to hedge fund Elliott Investment Management, which has been pushing for changes at the airline. Elliott, the fund led ...

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.