New York (CNN Business) Plummeting demand for travel has forced two major US carriers — Delta Air Lines and American Airlines — to gut their workforces through voluntary exit programs and layoffs. "A more efficient leadership team begins at the top, and we are restructuring all levels around key future leaders and functions, beginning with our officer team," the letter said. "We will announce a reorganized officer team soon, and those leaders will be restructuring at the next levels shortly thereafter." Delta DAL announced a similar initiative Thursday, telling employees in a memo obtained by CNN that a "smaller Delta unfortunately means fewer people will be required." The company is offering employees two voluntary exit programs, including a retirement package for employees who have worked at Delta for more than 25 years.

Source: CNN May 28, 2020 15:00 UTC