Comcast Prepares "Sweeping" Layoffs at NBCUniversal

The NBCUniversal division of Comcast (NASDAQ: CMCSA) is about to suffer substantial layoffs due to the coronavirus pandemic, according to The New York Post. Although the number of workers affected is unknown, sources told the newspaper the job cuts will be "sweeping" and "significant."

The company had warned in April the NBCUniversal unit would experience an even greater impact from the COVID-19 outbreak in the second quarter than it did in the first. Sky, Comcast's European media and entertainment division, was also expected to bear the brunt of the pandemic in Q2. The Post story did not say if Sky employees would be let go as well.

Image source: Comcast.

Continue reading

Source Fool.com