Disney is cutting several hundred jobs worldwide in its latest cost-saving push: Report

Disney is reportedly laying off several hundred employees globally as part of its ongoing cost-cutting effort. The affected roles span film and TV marketing, publicity, casting, development, and corporate finance. While individual staffers were notified Monday, no full teams are being eliminated, according to a source familiar with the matter.

The cut follows a round of layoffs in March that eliminated nearly 200 jobs at ABC News and Disney Entertainment Networks, about 6% of that division’s workforce. It’s part of a broader plan first unveiled by CEO Bob Iger in 2023 to slash 7,000 jobs and streamline operations. Disney currently employs about 233,000 people worldwide, with 171,000 US-based workers.

Disney shares were flat on the news and up about 2% year to date.

Disney Lays Off Several Hundred Employees in Cost-Cutting Measure

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JetBlue is raising its bag fees as fuel costs squeeze airlines

JetBlue will reportedly hike its bag fees, as the cost of jet fuel continues to climb amid the war in Iran. It’s the latest example of carriers finding ways to push rising costs onto travelers.

Last week, United Airlines CEO Scott Kirby said that if fuel prices remain elevated, fares would need to rise another 20% for his airline to break even this year.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

JetBlue Airways raises bag fees as fuel prices soar

As CNBC reported, when one airline raises fees, others tend to follow.

JetBlue did not immediately respond to a request for comment.

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