NBCUniversal trims several hundred jobs from its global streaming technology team
NBCUniversal is eliminating a few hundred positions within its worldwide streaming technology division, mainly affecting Sky staff and some U.S. workers.
Comcast’s NBCUniversal announced layoffs affecting a few hundred staff members in its global streaming technology organization, which includes engineering and quality-assurance functions. Most of the job losses are at Sky, the European arm of Comcast, while a limited number of U.S.-based employees will also be impacted. The move is part of a broader restructuring ahead of the planned spin-off of NBCUniversal’s streaming and studio assets from the parent’s cable and internet divisions next summer.
NBCUniversal said the reorganization will provide the right structure and resources to support future growth, following Peacock’s recent profitability on an adjusted EBITDA basis. Affected employees were notified on Wednesday, and UK labor law requires a consultation process before dismissals take effect. The cuts follow earlier reductions, including the March shutdown of Showmax and layoffs at other media rivals such as Disney and Paramount Skydance.
Why it matters
The layoffs reflect the media industry's cost-cutting as it restructures for competition with tech-driven streaming rivals.
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