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What Disney CEO Josh D’Amaro told staffers as the company starts a new round of layoffs

Disney CEO Josh D’Amaro just told employees that the Mouse House is laying off staffers less than a month into his tenure.

The cuts come after Disney unified its enterprise marketing and brand teams, D’Amaro said in a Tuesday morning memo obtained by Business Insider.

“Those that will be leaving us have done meaningful work here and care deeply about this company,” D’Amaro said in the memo. “These decisions are not a reflection of their contributions, or of the overall strength of the company.”

D’Amaro expressed confidence in the company’s trajectory.

“Despite these difficult decisions, I remain optimistic about where we’re headed as a company,” D’Amaro said.

Read the full memo from D’Amaro here:

Dear Fellow Employees & Cast Members,
We have experienced a great deal of change these last few years, both at the company and across our industries. Knowing firsthand how these moments can bring uncertainty, I want to be open about some difficult news that will be communicated this week.
In January, we announced our unified enterprise marketing and brand organization, designed to serve consumers in an even more connected way. Over the past several months, we have looked at ways in which we can streamline our operations in various parts of the company to ensure we deliver the world-class creativity and innovation our fans value and expect from Disney. Given the fast-moving pace of our industries, this requires us to constantly assess how to foster a more agile and technologically enabled workforce to meet tomorrow’s needs. As a result, we will be eliminating roles in some parts of the company and have begun notifying impacted employees.
I know this is hard. Those that will be leaving us have done meaningful work here and care deeply about this company. These decisions are not a reflection of their contributions, or of the overall strength of the company. Rather, they reflect our continual evaluation of how to more effectively manage our resources and reinvest in our businesses. Compassion and respect remain at the heart of our company. As we move forward through this transition, our priority is to support those impacted and help each person navigate what comes next with resources, guidance, and direct support.
Despite these difficult decisions, I remain optimistic about where we’re headed as a company. I’m deeply grateful for all of your contributions and for the dedication, professionalism, and care you bring to your work each day. Even in challenging moments, you continue to demonstrate what makes Disney so special.
Josh




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US tourists in Mexico’s Puerto Vallarta told to ‘shelter in place’ as cartel violence erupts

  • The US State Department urged American tourists in Mexico to “shelter in place” on Sunday.
  • Violence has erupted across parts of Mexico after the local government killed a cartel leader.
  • The areas include Jalisco State and Tamaulipas State.

The US State Department urged Americans in certain parts of Mexico to “shelter in place” on Sunday amid a spike in violence and criminal activity.

“Due to ongoing security operations and related road blockages and criminal activity, US citizens in the following locations should shelter in place until further notice: Jalisco State (including Puerto Vallarta, Chapala, and Guadalajara), Tamaulipas State (including Reynosa and other municipalities), areas of Michoacan State, Guerrero State, and Nuevo Leon State,” the State Department wrote on X.

The US Drug Enforcement Agency said the Mexican government killed Nemesio “El Mencho” Oseguera Cervantes, the leader of the Jalisco New Generation Cartel, according to CNN.

This is a developing story. Check back here for updates.




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Paramount+ got about 1 million new subscribers the day of its first UFC event, an exec told staffers

UFC is already a hit for Paramount+.

Paramount’s flagship streaming service generated about a million new subscribers on the day of its first-ever UFC event, Paramount product chief Dane Glasgow told employees in a town hall on Tuesday morning, three staffers who attended the meeting told Business Insider.

A Paramount spokesperson said: “Those numbers are unverified, and it’s against our policy to share speculative data externally.”

In August, Paramount did a deal with UFC parent TKO that will see it pay $7.7 billion to secure UFC rights in the US for seven years.

Glasgow said at the town hall that Saturday was the second-largest day of sign-ups ever for its streamer, and that UFC 324 was the second-most-streamed sporting event on the service, according to two employees.

Notably, Paramount made its UFC matches available for anyone with a Paramount+ subscription, which starts at $8.99 a month. Before the Paramount deal, many UFC matches were only on pay-per-view for around $80 each.

Paramount previously announced that its UFC broadcast had just under 5 million average viewers for the main card. Paramount CEO David Ellison told staffers in an email that it was “the largest-ever exclusive live event for Paramount+.” The streamer has drawn larger audiences to other non-exclusive live events, including NFL games that ran on both Paramount+ and CBS.

“This record-breaking performance is, above all, a testament to the extraordinary teamwork across our entire company,” Ellison told employees in his memo, which was obtained by Business Insider.


UFC champ

Paramount’s UFC event, which saw Justin Gaethje emerge victorious, was highly viewed, the company told employees.

Chris Unger/Zuffa LLC



For context, Netflix’s Jake Paul vs. Mike Tyson fight added about 1.4 million US subscribers to that service in November 2024, according to the subscription data firm Antenna. The firm only tracks US data.

Antenna estimated that Paramount+ reeled in an estimated 3.2 million new US customers when it hosted the Super Bowl in 2024.

Read Ellison’s full memo to employees below:

Team,

A huge congratulations to everyone who contributed to the success of our first UFC event on Paramount+! Several members of our leadership team and I were cageside Saturday night, and we were completely blown away by the experience and by the intensity, skill and heart on display across the card. We left the T-Mobile Arena in Las Vegas more excited and energized than ever about our partnership with Dana White and the entire TKO/UFC team.

I’ve heard from several executives at TKO/UFC, and they also could not be more pleased with how everything came together. It was a fantastic start to our 7-year partnership!

While we went into the weekend with high expectations, I’m thrilled to share that we exceeded them, reaching nearly 5 million streaming views — the largest-ever exclusive live event for Paramount+. And the actual audience was likely even higher, given how common co-viewing is among UFC fans.

This record-breaking performance is, above all, a testament to the extraordinary teamwork across our entire company. Every single business unit, division and team — from Paramount+, Paramount Pictures and CBS to MTV, BET, Nickelodeon and Pluto, as well as Marketing, Social, Ad Sales, Technology, Events and more — came together, rolled up their sleeves and got creative. The incredible power of Paramount One to reach the broadest possible audience was on full display companywide, and UFC 324 stands as our strongest example yet of what we can achieve when we all work together toward a common goal.

Again, hats off to everyone. With nearly 5 million streaming views and record-breaking engagement, UFC 324 set the bar high, and we can’t wait to keep the momentum going at UFC 325 next weekend in Sydney!

Let’s go!

David




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My daughter told me I should start going to the gym. At 79, I’m in the best shape of my life.

This story is based on a conversation with Joan MacDonald, 79, a former driving examiner of Collingwood, Ontario. It has been edited for length and clarity.

January 2017 was a New Year I’ll never forget. It was one of the few times that my daughter, Michelle MacDonald, lost her cool with me.

She’d moved to Mexico the previous month and was visiting. “I won’t get to see you as often as I like,” she said. “And, every time I leave, I won’t know whether it will be the last time I see you.”

Then she made another blunt comment that changed my life. “Mom, why don’t you go to the gym?” she said.

I needed to improve my health

I had high blood pressure, kidney problems, and was at least 70 pounds overweight. Approaching my 71st birthday that March, I felt scared and miserable.

My doctor had already warned me that, if I didn’t make an effort to improve my health, I would end up on dialysis before very long. I was effectively dying.


An older woman standing in a clothing store

MacDonald, before she discovered the gym and became healthier.

Courtesy of Michelle MacDonald.



Growing up in Canada, I’d been an active child. I played ball, skated in the winter, and went bowling. I enjoyed doing them because they were fun. But I was by no means an athlete.

I got married a month before my 21st birthday and settled into married life while working as a driving examiner. I juggled work with motherhood, raising Michelle and her older and younger brothers.

Going to the gym really wasn’t a thing back then. None of my married friends worked out, or even thought about doing so.

I took medication for high blood pressure

I believe that your body changes every seven years or so. I went through variations in terms of shape and size, and enjoyed certain foods, then went off them.

I didn’t have regular meals, often eating just two meals a day at irregular times. In between, I’d snack.

Throughout my 60s, I was in poor health. I’d get bronchitis in the fall and spring — I had weaker lungs after contracting rheumatic fever as a child — and the kidney issues began.

The weight had grown to 200 pounds, which was far too heavy for my height of 5 feet 3 inches. And my blood pressure was high; I was put on medication.


An older woman flexes her muscles on a beach.

MacDonald, after taking up exercise and eating five small meals a day.

Courtesy of Michelle MacDonald



I’m lucky because Michelle is a certified strength and conditioning specialist and sports nutrition coach. She saw how unhealthy I’d become and was worried, especially because she’d moved thousands of miles away and couldn’t keep an eye on me.

Her recommendation struck home. It was enough to jolt me into action. My doctor also encouraged me to lose weight and reduce my blood pressure.

I’d half-heartedly attended the gym before, but not consistently. This time, I went five times a week.

My body slimmed down

I sought advice from Michelle and studied YouTube videos to learn how to use the machines and do strength training with free weights. At first, I couldn’t believe how hard it was to pick up 20 pounds.

I began with small weights and increased them by increments. I’ve since done a deadlift of 170 pounds and a hip thrust of 230 pounds.

It was amazing to see my body slim down and fit into clothes, like jeans, that I hadn’t worn in a very long time.

I lost 45 pounds in six months and a further 25 pounds during the rest of my 70s. I’ve gone from a size XL to a medium. I was able to quit my medications.


An older woman doing the splits.

MacDonald has become stronger and more flexible.

Courtesy of Michelle MacDonald



My current regimen involves spending two hours at the gym, with around 15 minutes of cardio, followed by using weights. I often work out with Michelle, whom I joined in Mexico for around a year after my husband died.

As for my diet, I eat five small meals a day, including oatmeal with egg whites, protein powder, and 1% coconut milk for breakfast.

Then I’ll have yogurt, an egg white omelette with ground beef, chicken, turkey, and ham, a protein bar, and a final, plain meal without starches. If I start my day at 7 am, I’ll stop eating by 7 pm.

A shoulder injury hasn’t stopped me

Unfortunately, I suffered a shoulder injury while biking outside on a rough surface and needed surgery three months ago. I’ve had to take things a bit easier as I recover. However, I feel 100% happier and healthier than I did before going to the gym.

Michelle and I established “Train With Joan” to help inspire people to take up exercise, regardless of their age.

It may slow you down a bit, but I’ve seen many seniors, even older than me, accomplish great things. They have resolved to do it for themselves. Nobody else is living in your body but you.




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BI readers told us their grocery bills keep going up. That’s bad news for more rate cuts.

Sometimes you have to take matters into your own hands.

The government shutdown ended a while ago, but there’s been at least one lingering effect: a lack of inflation data.

The last CPI report was for September and released way back on October 24. November’s inflation report — sorry October, we’ll catch you next year — was scheduled to drop December 10, but got bumped to December 18.

But who wants to wait another two-plus weeks?

Business Insider took matters into its own hands, surveying readers about how prices have changed. We heard from roughly 200 of you, and BI’s Madison Hoff has the results, along with some personal anecdotes from readers about what they are seeing.

Unfortunately, one area readers feel prices keep climbing is something they can’t skip: Food. Whether it’s groceries (90%) or dining out (87%), the vast majority said those prices have gone up.

The data shows the affordability issue that many Americans say they’re facing.

Despite a stock market that continues to rise, people are finding themselves stretching their budgets. And unlike luxury items that one can hold off on purchasing, groceries are a day-to-day expense that Americans continue to feel the pain of.

“It’s so frustrating that people like us who are financially responsible, who are doing everything right, are still just feeling like we’re stretched every step of the way,” one reader told Madison.

That puts the Fed in an interesting position when it comes to rate cuts.

Central bankers will convene next week for their final meeting of the year. As always, Jerome Powell and co. aim to strike a balance between keeping inflation in check and maintaining a robust job market.

While our survey is far from scientific, the main takeaway is clear: most people feel prices keep going up. If you’re looking to address those concerns, cutting interest rates risks pushing inflation (and prices) even higher.

On the other hand, the job market remains largely frozen. And the best way to kickstart things on that front would be to continue easing up the policy.

So what will the Fed do? Wall Street seems bullish on another cut, with 87.6% of interest-rate traders betting on one next week, according to CME FedWatch.




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