Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Good morning. Today is Tuesday, November 12th. I'm Julie Morgan. Southwest Airlines is cutting back.

23 and Me is also making personnel changes, and Occidental Petroleum reports earnings today.

Southwest Airlines will offer buyouts to workers at 18 airports across the country.

The Dallas-based carrier is cutting back on flying planes due in part to aircraft delivery delays

from Boeing. The Southwest Airport employees being offered buyouts include ramp

agents, customer service agents, cargo workers, and operations agents. In addition to the voluntary

separation packages, the airline is also offering an employee time off program in January that will

allow workers to take unpaid time off and return to their

jobs later. The international airports in Atlanta and Los Angeles have the largest number of buyout

opportunities available. Southwest did not say how many total jobs it is looking to eliminate.

Southwest Airlines closed 2.7% higher on Monday.

23 and Me Holding is reducing overall headcount by over 200 employees, representing about 40%

of the workforce as part of a business restructuring. The company said the restructuring is

expected to reduce operating expenses and result in annualized cost savings of more than $35 million.

It expects to incur up to $12 million in costs and expenses primarily related to one-time severance, transition and termination-related costs.

In addition, 23 and Me is discontinuing further development

of all its therapeutics programs and is actively exploring all strategic options for a limited time

to maximize the value of those programs, including licensing agreements, asset sales, or other

transactions. 23 and Me added it intends to wind down its ongoing clinical trials as quickly as practical,

while the strategic alternatives process is ongoing.

Occidental Petroleum is scheduled to announce Q3 earnings results today after market close.

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