So now they're like, oh, yeah, all those people were firing. They can just go to private industry. The jobs don't exist. And private industry is signaling that they know that the recession is coming. Southwest has never done a layoff like what they did in the entire existence of Southwest, and they just cut 15% of their workforce. So we're seeing where private industry is starting to collapse and starting to actually reduce their workforce instead of increase it. So where are these people going to go? (15:01–15:11)
CLAIM
Asserts that Southwest Airlines cut 15% of its workforce, an unprecedented action in its history.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
