bloomberg is behind a paywall but has sent out an article regarding the company restructuring 28 minutes ago.... if you can get access i bet its worth a read
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No sh-t. Everyone knows this…
Reuters says Comcast is planning significant layoffs as part of a broader restructuring of its cable television, broadband, and wireless businesses, according to an October 21 report from Bloomberg News, which cited people familiar with the plans. Bloomberg reported that the job cuts could begin being announced within weeks. The restructuring comes as Comcast faces growing competition and continued broadband subscriber losses. The number of employees affected, specific departments targeted, and exact timing have not been disclosed. Reuters stated that it could not independently verify Bloomberg's report
That journo would benefit from learning about this site as it has more information than in her article. As a matter of fact, way more. I'll DM her on twitter:
https://x.com/KelceeGriffis
This is the article https://www.bloomberg.com/news/articles/2026-10-21/comcast-planning-significant-jobs-cuts-as-part-of-reorganization
@OP No actual news
https://archive.is/20261021232249/https://www.bloomberg.com/news/articles/2026-10-21/comcast-planning-significant-jobs-cuts-as-part-of-reorganization
Bloomberg: Comcast Planning Significant Jobs Cuts as Part of Reorganization
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Comcast Corp. signage outside Rockefeller Center in New York.Photographer: Michael Nagle/Bloomberg
By Kelcee Griffis
October 21, 2026 at 10:53 PM UTC
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.
The reorganization is designed to put Comcast in a stronger position to operate as an independent company after it spins off the NBCUniversal businesses next year, said the people, who asked to not be identified because the plans haven’t been made public. The cuts, which could start to be announced in a matter of weeks, are aimed at creating a more nimble workforce and freeing up cash to invest in more growth opportunities, among other long-term goals.
The Philadelphia-based media and telecom conglomerate has been losing cable-TV subscribers for some time as customers cut the cord in favor of streaming options. More recently, Comcast has also been shedding internet customers with rivals such as AT&T Inc., T-Mobile US Inc. and Verizon Communications Inc. pushing attractively priced fiber optic or fixed wireless connections.
Comcast has been promoting broadband by offering five-year price guarantees and a free wireless line for one year. The company is due to report earnings on Thursday.
Read More: Comcast Gets Serious About Customer Losses — A Long Fight Looms
Comcast has adjusted its portfolio to boost its stock price, which was down about 21% this year. Cable-TV networks like CNBC and MS Now were spun off as Versant Media Group in January.
Co-Chief Executive Officer Brian Roberts has made changes to senior management to address the subscribers losses. He promoted Steve Croney to chief executive officer of the broadband and wireless business, and hired Jon Gieselman, a former Apple Inc. and DirecTV executive, as chief growth officer.
Michael Angelakis, a former chief financial officer, is returning to lead Comcast after the NBC separation.
The company had 179,000 full and part-time employees as of Dec. 31, 2025.
Source: https://www.bloomberg.com/news/articles/2026-10-21/comcast-planning-significant-jobs-cuts-as-part-of-reorganization
Archived here: https://archive.is/jcj9m
@OP I just used a paywall breaker site, there’s no news in it. Just states that an anonymous insider says there are plans for job cuts in the coming weeks.