In the midst of the airline’s financial woes, the company just revealed that it will be making some major changes in an effort to cut costs. According to a new report from CNBC, Southwest Airlines is putting a freeze on corporate hiring and promotions.

Southwest Airlines is looking to trim costs by implementing a hiatus on certain hiring, most summer internships and "rallies" it hosts for employees.

Southwest Airlines is hitting the pause button on some of its hirings, internships and employee events this year as the company looks to lower costs. “We are limiting discretionary costs, including holding on the Southwest Rallies for this year,

President Joe Biden's administration on Wednesday sued Southwest Airlines , accusing the carrier of illegally operating multiple chronically delayed flights and disrupting passengers’ travel.

Southwest Airlines has stopped hiring corporate workers and is nixing its signature employee rallies as leaders try to cut costs. Amid a vicious fight with an activist investor for control of the company,