🦔Disney posted record revenue this quarter off Toy Story 5 and Spider-Man: Brand New Day. Former CEO Bob Iger left to buy the LA Lakers. New CEO Josh D'Amaro's first move was notifying 200,000+ employees that starting in 2027, their spouses can no longer be on the company health plan if the spouse has any job that offers benefits, even if those benefits are worse. Disney called it part of their "Total Rewards" loyalty program. My Take Disney had one of its best revenue years ever and chose to use the moment to cut benefits for its workforce. Workers fall below buybacks, below executive comp, and below a new cruise ship on the priority list. Cutting benefits during a record year saves money on this quarter's earnings call and costs you in turnover once your best people start looking elsewhere. Those 200,000 households just got hit with higher healthcare costs on top of $4 gas, rising grocery prices, and credit card rates near record highs. Multiply Disney by every other company doing the same thing, and you start to understand why Walmart's same-store sales missed for the first time in five years. Companies keep reporting record profits and cutting worker costs at the same time, and those cuts come out of the same consumers the economy depends on. Hedgie🤗