JetBlue is laying off workers and reshuffling jobs as it moves to cut 300 million in costs JBLU
Get the Full StoryJetBlueJetBlue 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."See the rest of the story at Business InsiderNOW WATCH: The CEO of one of the largest health insurers in the US explains the problem with healthcare in AmericaSee Also:JetBlue is selling one-way tickets to the Caribbean for as low as 58Why you have to pay a fortune to get a decent seat on a planeAirbus and Boeing have racked up more than 55 billion in sales this week, and it's only TuesdaySEE ALSO: JetBlue is selling one-way tickets to the Caribbean for as low as 58
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