Top Stories

NBCUniversal layoffs begin as it shifts focus toward streaming


Signage for the NBCUniversal Inc. Peacock streaming service is displayed on a laptop computer in an arranged photograph taken in the Brooklyn Borough of New York, U.S., on Friday, April 17, 2020.

Bloomberg | Bloomberg | Getty Images

NBCUniversal has begun a round of layoffs as the company grapples with the impact of coronavirus closures and shifts its media strategy. Reductions are expected to affect less than 10% of the Comcast subsidiary’s staff of 35,000 full-time employees.

The layoffs are part of a plan that would see the entertainment segment of the business focus more heavily on streaming operations. Cuts have been made across the company’s portfolio, which includes sports and…


Home prices see strong June bounce, but economists warn it likely won’t last

Previous article

Here’s why the 10-year yield is a whisker away from setting a new record low

Next article

You may also like

Leave a Reply

Notify of

More in Top Stories