Comcast Headed For Layoffs And Restructuring

MediaPost.com: MediaDailyNews · last updated October 22, 2026 – 6:44 PM

Comcast is bracing for large job cuts in its cable and telecom businesses as the company restructures prior to the planned spin-off of NBCUniversal next year, Variety reports. “We expect to have a significant charge in the fourth quarter related mostly to our transformation efforts, and I would quantify that at over $1 billion,” Jason Armstrong, told analysts. The company has been hit by continued losses of broadband and cable TV subscribers.

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