I’m honestly not sure.
5 replies (most recent on top)
This is called managed decline. There is always a chance they pull a rabbit out of hat, but their actions are of a company that's clear it needs to cut and cut deeply because they really don't have a solid way forward. You have to weigh your personal situation: your skills, your job market, your years left to retire. No one on here can weigh all those out for you, that is a personal call. If you do decide to stay, use the time developing yourself and watching the next 18 mos carefully for signs they've gotten it together.
@dm NBCU side is hardly a growth business, it is one of the smaller streamers competing for a finite number of eyeballs, and Sky is worth maybe half of its actual value when Comcast bought it and a much smaller fraction of what Comcast paid.
Please, Understand what’s happening to the business. If you’re not going to the NBCU side. There’s nothing left but a declining business.
@c6 Leave! This is the 4th major time in 3 years (2 regional consolidations, a massive Division reorg, and then the Division dissolution). There will be more. The company has been going backwards for 5 years. No real effort on growth and investment. That ended 10+ years ago. Now it is just cut expenses (headcount) to keep profit margin. That won't last forever either.
It may depend on how long you’ve been there. If you’ve been there a while and getting a reasonable severance and some stock payout (however cr-ppy the current stock price is), it may be better than staying put. I think it’s better to be part of an earlier layoff than the latter waves of it, so you’re not competing against even more people to find a new gig somewhere. I’ve been downsized three times by large corporations since 2017 (two of them were telecoms, including Comcast). Each time I found re-employment within 2-4 months and for comparable or even more money/bonus. Adding in the severance and stock payout, it made for a greater year financially. I hope this helps bring you some peace and hope.