Southwest Airlines’ plans for its first-ever mass layoff is not expected to include any labor cuts or changes to operations at BWI Marshall Airport.

Southwest Airlines Co.’s stock rose 0.5% Tuesday, after the carrier said it’s cutting 1,750 corporate positions, equal to 15% of that group, as it moves to cut costs and create a leaner organization.

Southwest Airlines Co. will cut about 1,750 jobs in its leadership ranks, a dramatic step to reduce expenses that mark the carrier’s first layoffs.

KEY TAKEAWAYS Shares of Southwest Airlines rose in premarket trading Tuesday after the carrier said it plans to cut 15% of its corporate workforce, eliminating about 1,750 jobs in the first large layoffs in its history.

The company said the cuts, the first round of broad layoffs in the airline’s 53-year history, would affect mostly corporate employees.

Southwest Airlines said it will slash 15% of its corporate workforce -- the first mass layoffs in the company's decades-long history -- as the airline looks to cut costs.

The layoffs, which the company expects to complete by the end of the second quarter, are estimated to net $210 million in savings this year.

The carrier is trying to cut costs after a battle with an activist investor last year.