
Why Skills-First Leadership Is Replacing the Ivy League Playbook in the C-Suite
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
Delta Air Lines is laying off some corporate workers to reduce costs, according to a report by CNBC. The company has not disclosed how many jobs are being cut but said that the layoffs are not affecting frontline workers like pilots and flight attendants.
Delta’s move is part of a broader trend in the airline industry as companies grapple with rising fuel costs and labor shortages. Other airlines, such as American Airlines and United Airlines, have also announced job cuts recently.
Delta is still recovering from the COVID-19 pandemic, which devastated the airline industry. The company is expected to lose $1 billion in 2023, according to analysts.
Delta’s job cuts are a sign of the challenges facing the airline industry. The industry is still recovering from the COVID-19 pandemic, facing rising fuel costs and labor shortages.
The job cuts also indicate that Delta is serious about reducing costs. The company has been under pressure from investors to improve its profitability.
The job cuts are likely to have a negative impact on the morale of Delta’s employees. However, the company says the cuts are necessary to ensure its long-term success.
Delta Air Lines is laying off some corporate workers to reduce costs. The company has not disclosed how many jobs are being cut but said that the layoffs are not affecting frontline workers like pilots and flight attendants. Delta’s move is part of a broader trend in the airline industry as companies grapple with rising fuel costs and labor shortages.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
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