Comcast Plans Major Layoffs to Pave the Way for Independent Operations After NBC Spinoff

People familiar with the matter said Comcast plans to carry out large-scale layoffs as part of a comprehensive restructuring of its cable television, broadband and wireless businesses. The people, who requested anonymity because the plans have not been made public, said the restructuring is intended to position Comcast to operate as a stronger standalone company after it spins off NBCUniversal next year. The layoffs could begin to be announced in the coming weeks, with the goal of creating a leaner workforce, freeing up cash to invest in more growth opportunities and achieving other long-term objectives. The Philadelphia-based media and telecommunications group has for some time been losing cable television subscribers as users cut the cord and shift to streaming options. More recently, Comcast has also been losing internet users as competitors such as AT&T, T-Mobile US and Verizon roll out attractively priced fiber or fixed wireless connections. The urgency of the restructuring stems from Comcast's upcoming structural separation. The company announced in June 2026 that it plans to complete a tax-free spinoff of NBCUniversal and Sky by mid-2027. The spun-off media assets will include NBC, Universal Pictures, Peacock, theme parks and Sky, among others, with current co-CEO Mike Cavanagh to serve as CEO of the spun-off company; the connectivity business retaining the Comcast name (cable television, broadband, wireless) will be led by returning former CFO Michael Angelakis. Comcast has been promoting broadband by offering five-year price guarantees and one year of free wireless lines. The company will report earnings on Thursday. Comcast has adjusted its business portfolio to boost its share price, which has fallen about 21% this year. Cable networks such as CNBC and MS Now were spun off into Versant Media Group in January. Co-CEO Brian Roberts has made changes to senior management to address subscriber losses. He promoted Steve Croney to CEO of broadband and wireless and hired former Apple and DirecTV executive Jon Gieselman as chief growth officer. Former CFO Michael Angelakis will return to lead Comcast after the NBC spinoff. As of December 31, 2025, the company had 179,000 full-time and part-time employees.