Thread regarding Comcast layoffs

Sky never fit into Comcast’s US culture and is the major reason for current situation

Acquiring Sky, a complete European company was the d-mbest move ever made by a US company. Europe is generally considered a laid back culture where people don’t hustle beyond work hours and extend their work and more priority is given to wlb, unlike US which is more capitalistic and squeezes the employees. Whoever suggested and approved the Sky acquisition should be blamed for where the company stands now.

Fox may have been a better acquisition, but Disney thwarted it. 40 Billion dollars spent for the acquisition and years of work integrating the systems which was just completed last year, but not one thought on whether the cultures would align between 2 geographically and politically different companies. Add to this the rise of AI and intense competition from FWA, fiber and satellite players - it’s as if Comcast has no leverage left on any front.


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Post ID: @OP+1m4y7732f

5 replies (most recent on top)

@aj Not a blame, but just pointing out the different work and life cultures between 2 distinct geographical and political landscapes. It was always going to be a difficult task to merge Sky and Comcast as a single company, and the management failed miserably in it.

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Post ID: @bw+1m4y7732f

Comcast paid about 15 times Sky's EBITDA, two and a half times the company's enterprise value before the takeover battle began.

Who is stupid? Off course Comcast management. Now Sky is 1/2 of what they were before merger.

Who is to blame?

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Post ID: @ak+1m4y7732f

First blame the Indians, then blame the Brits. They ruined such a great company. /s

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Post ID: @aj+1m4y7732f

Yeah the UK has a better work culture. Don’t have to rely on healthcare from being employed either.

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Post ID: @a8+1m4y7732f

Europeans have better culture and work life balance than US. You don't have to work extra hours and 'hustle' to be productive. 'Squeezing' the employee isn't a roadmap to success.

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Post ID: @a7+1m4y7732f

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