Back to mobile site

Comcast plans significant job cuts, Bloomberg News reports

October 21, 2026 7:24 PM EDT

The Comcast logo appears in this illustration taken August 18, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Oct 21 (Reuters) - ‌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.

• The cuts, aimed at ​creating a nimble workforce and freeing up cash for ⁠investments, could start being announced in a matter ​of weeks, the report said, without revealing how many jobs ​were at stake

• Comcast ‌did not immediately respond to a Reuters request ⁠for comment outside regular business hours

• The report comes months after ⁠Comcast said it will split into two ​publicly traded companies through a spinoff of NBCUniversal and Sky, under pressure from ‌streaming rivals and industry consolidation

• The company had about ‌179,000 employees as of December ⁠31, 2025

(Reporting by ‌Rodrigo Ramirez ​in Mexico City; Editing by Diti Pujara and Subhranshu ‌Sahu)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters

Related Entities

Layoffs