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NBCUniversal layoffs begin as it shifts focus toward streaming

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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…



Source cnbc.com

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