JetBlue is laying off workers and reshuffling jobs as it moves to cut $300 million in costs

Posted On: Jul 20, 2018   |   Posted By: Business Insider

JetBlue is laying off workers and reshuffling jobs as it moves to cut $300 million in costs

JetBlue announced a round of layoffs, buyouts, and a restructuring of positions on Friday afternoon.
It did not specify how many jobs would be affected by the decision.
The restructuring comes at a time when JetBlue is seeking to honor a goal set in December 2016, when it announced a plan to reduce operational costs by up to $300 million a year by 2020.
On Friday, JetBlue announced a round of layoffs, buyouts, and a restructuring of staff in an effort to cut expenses to the tune of $300 million.
In a statement to Business Insider, JetBlue's Shelby Wallace said, "To streamline how we work, we are moving certain teams and roles into new reporting structures and are eliminating a number of positions. We need to make these difficult decisions to ensure we are set up for success."
The statement continued: "We aimed to reduce the number of involuntary departures by offering voluntary buyouts and by eliminating a number of open positions. We will continue to hire strategically in our support center teams, and these...

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