Comcast planning major layoffs as part of its restructuring: Report
Published . Updated .
Covered by 2 outlets: LiveNOW from FOX, FOX 29 Philadelphia.
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
As part of the restructuring of its cable-TV, broadband and wireless businesses, Comcast Corp. is planning to cut a significant number of jobs, according to reports.
Directly affected
- CMCSA Comcast-8.4% 12d
Named in this report.
Indirectly affected
- XLC Communication Services Select Sector SPDR-1.2% 14d
Communication Services Select Sector SPDR: it holds telecom companies. Linked by “wireless” (telecoms) in this story.
- T At&T-15.5% 30d
At&T (telephone communications (no radiotelephone)): telecoms move with network spending and rules. Linked by “wireless” (telecoms) in this story.
- VZ Verizon Communications-9.1% 30d
Verizon Communications (telephone communications (no radiotelephone)): telecoms move with network spending and rules. Linked by “wireless” (telecoms) in this story.
- TMUS T-Mobile US-6.8% 30d
T-Mobile US (radiotelephone communications): telecoms move with network spending and rules. Linked by “wireless” (telecoms) in this story.
- SPOT Spotify Technology S.A+9.7% 30d
Spotify Technology S.A (radio broadcasting stations): telecoms move with network spending and rules. Linked by “wireless” (telecoms) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CMCSA | -8.89% | -1.88% | base | +4.50% | after close | after close | after close |
| XLC | +1.70% | -1.53% | base | +4.19% | after close | after close | after close |
| TNo price data for this ticker | — | — | — | — | — | — | — |
| VZNo price data for this ticker | — | — | — | — | — | — | — |
| TMUSNo price data for this ticker | — | — | — | — | — | — | — |
| SPOTNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Comcast planning major layoffs as part of its restructuring: Report LiveNOW from FOX
Source: LiveNOW from FOX
This story
| Company | When | Move | Status |
|---|---|---|---|
| CMCSA | that day | +4.50% | still updating |
| CMCSA | three days earlier | -1.88% | final price |
| CMCSA | five days earlier | -8.89% | final price |
| XLC | that day | +4.19% | still updating |
| XLC | three days earlier | -1.53% | final price |
| XLC | five days earlier | +1.70% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna sold Comcast (CMCSA) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Comcast (CMCSA), worth $250,001 - $500,000 on 21 Aug 2026. That is 75 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Comcast (CMCSA), worth $15,001 - $50,000 on 17 Aug 2026. That is 79 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. David J. Taylor bought At&T (T), worth $1,001 - $15,000 on 15 Oct 2026. That is 20 days before publication. Filed 29 Oct 2026. View the filing.
- Rep. David J. Taylor bought At&T (T), worth $1,001 - $15,000 on 9 Oct 2026. That is 26 days before publication. Filed 15 Oct 2026. View the filing.
- Rep. Rohit Khanna bought At&T (T) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 61 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Pete Sessions sold Verizon Communications (VZ) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Verizon Communications (VZ) (held by a spouse), worth $15,001 - $50,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Verizon Communications (VZ), worth $1,001 - $15,000 on 18 Sep 2026. That is 47 days before publication. Filed 12 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought T-Mobile US (TMUS), worth $15,001 - $50,000 on 28 Aug 2026. That is 68 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold T-Mobile US (TMUS), worth $500,001 - $1,000,000 on 21 Aug 2026. That is 75 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold T-Mobile US (TMUS), worth $1,001 - $15,000 on 10 Aug 2026. That is 86 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
25 out of 100Price not final
“Comcast planning major layoffs as part of its restructuring: Report” scores 25 out of 100. The score uses 2 sources. The price is not final yet.