Comcast Plans Major Layoffs as It Preps for NBCU Spin-Off, Sees $1 Billion-Plus Restructuring Charge in Q4
Published . Updated .
Comcast is gearing up for significant job cuts in its cable and telecom business in the coming weeks, as the media conglomerate restructures ahead the expected spin-off of NBCUniversal in 2027.
Directly affected
- CCZ Comcast
Named in this report.
Indirectly affected
- SPY SPDR S&P 500+1.6%
The broad U.S. stock market
- TLT iShares 20+ Year Treasury Bond-1.8%
Long-term U.S. government bonds
- QQQ Invesco QQQ+2.3%
Large technology stocks
- GLD SPDR Gold Shares-3.3%
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Price reaction, T-5 to T+3
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Comcast Plans Major Layoffs as It Preps for NBCU Spin-Off, Sees $1 Billion-Plus Restructuring Charge in Q4 Variety
Source: Variety
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