Thread regarding Comcast layoffs

The insane thing is that mck is giving the same healthcare pitch to all their clients so healthcare is about to become wholly saturated with everyone misusing data and ai on our health stats.

@d8 when the boomers die off this will die with it.

@d5 Look, Comcast is a fck up company. When you say talent? They rid of them in layoffs. Comcast can get a deal but can’t keep them. They partner with these companies who then see just how bad leadership is - how competence is weighed by politics and bootlicking and not skills and EQ. But the leaders here don’t care. They always think short term survival so if this venture fails, they’ll just move on to the next, do enough to secure optics for shareholder approval and multimillion exec incomes by EOY, then scrounge the next year to figure out a way to meet the bottom line again JUST enough. YoY. This is their play if you watch. Until Comcast rids of its leadership toxicity, it will always be in survival and reactive until another company or leadership board fully takes it over and renames it.

“One of Comcast Ventures' areas of investments is digital health, looking at technology solutions that enable aging in ploce and remote patient monitoring. Both rely on strong connectivity (like that provided by Comcast) to ensure lower latency (i.e., for more accurate monitoring) and offer important resources for individuals in their homes.

That's why we are excited to announce Comcast Ventures' investment in HealthSnap, a company seeking to accelerate the access and quality of proactive patient care through remote potient monitoring and chronic care management.“

Is this what you mean by healthcare?

@ae They don’t need public trust if the healthcare play is B2B. There’s been identified gaps in the market that Comcast could fill with our own talent + acquisition.
Also heard that it fit so well, that the team researching were surprised and hopeful about the new revenue stream.
They posted about some of this in CNow.

@aa I'm not interested in seeing Dr Comcast for even a wart on my butt!

@OP f both of these companies as they are both part of the problem.

@OP comcast is facing the potential of losing some of it's billions in profits YoY because they, like every other US company favors sc--wing over customers and employees in the US for ridiculous profits, instead of just being a decent company.

I hear Suspenders are coming back in style. (before you criticize I'll save you task of goggling it, that was the business Ralph owned before stating Comcast)

@aa yes and this was a flop, that task force could not come up with a thing

@ae I’d be terrified if Crooked Comcast had my medical information.

@aa Comcast reputation is too far from people trusting us with their healthcare information come on. I’ve never heard something stupider.

@aa This. It’s been identified as a billion dollar business and the healthcare play is B2B. It fits well with what we already do and would add a novel revenue stream to Comcast.
Research was funded earlier this year the VP that was installed and their team. If McK is claiming it as a win, it’s only because that’s what consultants do.

Last week tonight had an episode on them a few years ago…

https://youtu.be/AiOUojVd6xQ?si=H82UOO1KsdNugL9l

They announced a task force to research if healthcare would be viable about 6 months ago.

I suspect they’re looking at TMobile, those poor souls. Billionaire execs will pick up what NBCU sounded happy to dump while the employees have no idea the pi-s poor culture they’re about to get. But it makes sense: Comcast wants to go into mobile but is lacking and TMobile wants to get into Internet but is lacking.

Here is McK's playbook:

• Focus on short-term savings, forget growth (or make it a vague goal that will pan out in many years)
• Ignore institutional knowledge and experience - folks staright from school make decisions, partners smile and wine/dine execs
• Employees = spreadsheet numbers
• Recommending layoffs but have no clue about operational challenges
• They always fu-k up (and dont care) morale and employee trust
• They collect $$$ but there is no warranty or guaranteeing results

McKinsey - for when your company has completely run out of ideas and your shareholders want to ditch. McKinsey is famous for slicing up companies and destroying employee's lives while "returning shareholder value".

Seriously, everyone needs to get the he-l out of dodge now. The minute your company hires an investment or consulting company like this, it's really the end of the company.

I personally think they are setting up Comcast to be sold off either as a whole or in chunks. All the businesses that the "new" Comcast will be in (cable, internet, home security, mobile) are hypercompetitive and hard to survive in. Then NBC/Sky etc. can be the growth end.

@OP From what I am seeing and hearing (all be it from the outside) with everything shifting to HQ from the regions, this is the same thing Cox cable did 5 or 6 years ago. They pulled all functional teams reporting structure into their HQ the only thing that was managed at a local level was I&R and Network Maintenance.

Trend seems to be change the company “strategy” to something “AI” or adjacent, like that shoe company did? That seems to help with stock prices for sure.

Yes. The other path is to run as lean as possible and freeze innovation until an acquisition or merger materializes. What's left to look forward to is being run like a utility with a skeleton workforce.

LOL. I'm sorry but there is nothing new coming out of McKinsey that they haven't tried to sell Comcast's peers and competitors for seven figure contracts. They likely sold leadership on this restructuring plan for tens of millions of dollars

McKinsey also consults Comcast’s competitors. They win no matter what. We get the scraps.