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Comcast plans significant job cuts, Bloomberg News reports
The restructuring aims to make Comcast more agile and free cash for growth as it prepares to operate without NBCUniversal, sources said.
- Comcast Corp. announced significant job cuts on Thursday as part of a restructuring of its cable, broadband, and wireless divisions, designed to position the company as a standalone entity ahead of the NBCUniversal spin-off.
- Persistent cable television subscriber losses and intensifying broadband competition prompted the reorganization; rivals T-Mobile and Verizon Communications have attracted customers with fiber-optic and fixed-wireless offerings.
- Co-Chief Executive Officer Brian Roberts promoted Steve Croney to lead broadband and wireless operations and hired former Apple Inc. executive Jon Gieselman as chief growth officer, responding to a roughly 21% share price decline in 2026.
- Comcast is positioning itself to operate as a standalone broadband and wireless company as it prepares to report earnings today, following the planned 2027 separation of NBCUniversal and Sky.
- To retain subscribers, Comcast introduced five-year broadband price guarantees and free wireless lines for one year. Separately, NBCUniversal initiated structural changes to its Global Streaming Technology organization on October 1, 2026, to improve operating margins.
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Comcast planning significant jobs cuts, Bloomberg News reports
Oct 21 (Reuters) - Comcast Corp. is planning a significant number of job cuts as part of an overall restructuring of its cable-TV, broadband and wireless businesses, Bloomberg News reported on Wednesday, citing people familiar with the devel...
Comcast Planning Significant Jobs Cuts as Part of Reorganization
Comcast Corp. is planning a significant number of job cuts as part of an overall restructuring of its cable-TV, broadband and wireless businesses, according to people familiar with the company’s thinking.
·New York, United States
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Comcast plans significant job cuts, Bloomberg News reports
Comcast Corp is planning a significant number of job cuts as part of a restructuring of its cable-TV, broadband and wireless businesses, Bloomberg News reported on Wednesday, citing people familiar with the plan.
·London, United Kingdom
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Total News Sources7
Leaning Left1Leaning Right2Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 17%
C 50%
R 33%
Factuality
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