A lot of talk about the inevitable layoffs, what do you think happens with those still remaining afterwards? Does anyone actually want to be in that situation and try to stick it out for whatever happens next? Granted looking for a job can be tough but I have to imagine layoffs will continue as the business continues to decline. For those that stay I can’t imagine the workload to try to keep things afloat while dreading the next round of layoffs. What’s even the motivation at that point to work in that toxic environment.
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@ab this looks like he’s simply rearranging his assets ahead of the split, nothing more
In fairness, Cavanagh is heading to NBCU after the split, so moving out of Comcast stock makes sense for him. The better question is why Roberts did the same thing on the same day.
On September 1, 2026, Mike Cavanagh reported moving 958,411 units of deferred compensation (392,769 phantom stock units and 565,642 RSUs) out of Comcast stock at $26.30 each. That's about $25.2 million, and his filing shows zero left in either position afterward.
He also sold 57,947 shares outright back in February for about $2 million.
So on the same day, both co-CEOs moved roughly $35 million of their own deferred pay out of Comcast stock. Maybe it's routine. Maybe it's tied to the spin. But while we're being told to trust the plan and ride out the transformation, the two people at the very top reduced their own exposure to it.
@ab the ol buy low sell lower strategy
Brian L. Roberts has reported several Comcast (CMCSA) share dispositions:
September 1, 2026: 382,860 shares sold in a discretionary transaction at about $26.30 per share, worth approximately $10.1 million.
September 2, 2026: 101,900 shares transferred as a gift, not a cash sale.
August 5, 2026: 204,100 shares transferred as a gift, also not a cash sale.
If the inevitable end game is M&A, then for those left, you'd just have to hope that it ends in an merge or acquisition by/with a healthy, ambitious "technology company" that can actually facilitate the conversion of Comcast infrastructure and pipes into something more valuable than a cable company. There is probably some kind of compelling future in which this company's network assets are converted into a "Lumen-like" company with more focus on enterprise, edge, and fiber monetization as a larger share of the story and the investor narrative. Or maybe something like what Verizon is doing with network services for Google. Both are AI plays.
I'm not sure who's willing to take that on, though. The reality is harsh and it almost certainly requires enduring a multi-year journey of further cost cuts, layoffs, and significant repositioning to accommodate that kind of future. The next several years will be tenuous for anyone left and it's hard to say what groups are truly "safe" in this environment until there's some kind of strategic vision articulated from above.
Honestly? Nobody should want to survive this round.
If you survive, you're not safe. You're the one left doing more with less, picking up the work of everyone who walked out, while waiting for the next round. And there will be a next round. This is a multi year cost transformation, not a one time cut.
Then think about your tenure. If you've got 10, 15, 20 years in, your severance is tied to that time today. But if this company gets sold, merged, or bought out, there's no guarantee the next owner honors those years the same way. The package you're entitled to right now is the one you know exists. Later is a gamble.
So if you've put in the years, the smartest outcome might actually be going out this round with the severance you earned, instead of hanging on to watch it get renegotiated by whoever owns us next.
Nobody should be ashamed of wanting out. You earned that package. Take it while it's still yours.
I can tell you what happened to some folks that survived last year’s “biggest” layoff: they got laid off in this year’s big layoff which, by the way, apparently was a precursor to the next big annual EOY layoff rumored to be announced.