Comcast plans significant job cuts, Bloomberg News reports (updated)
UPDATE 1-Comcast plans significant job cuts, Bloomberg News reports Adds details from report, background in bullets 1-4
Oct 21 (Reuters) - Comcast Corp CMCSA.O is planning a significant number of job cuts as part of a restructuring of its cable-TV, broadband and wireless businesses, Bloomberg News reported on Wednesday, citing people familiar with the plan.
The cuts, aimed at creating a nimble workforce and freeing up cash for investments, could start being announced in a matter of weeks, the report said, without revealing how many jobs were at stake
Comcast did not immediately respond to a Reuters request for comment outside regular business hours
The report comes months after Comcast said it will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, under pressure from streaming rivals and industry consolidation
The company had about 179,000 employees as of December 31, 2025
(Reporting by Rodrigo Ramirez in Mexico City; Editing by Diti Pujara and Subhranshu Sahu)
((rodrigo.ramirez@thomsonreuters.com; +52 444 235 4054))
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