facebook pixel
Exclusive: Comcast's NBCUniversal is cutting a few hundred streaming tech staffers, Business Insider has learned. The layoffs will impact NBCU's global streaming technology group, which includes the engineering and quality assurance teams, three people familiar with the changes said. Most of the cuts are at Sky, Comcast's European media arm, though a person briefed on the change said that some US-based workers at NBCU will be affected. Comcast is preparing to spin off NBCU, with its streamers and studio, from its cable and internet businesses next summer. Traditional media companies are cutting costs as they face pressure to please Wall Street, while competing with deep-pocketed, tech-forward rivals like Netflix and YouTube. NBCU's streaming cuts come months after its US streamer, Peacock, became profitable on an adjusted EBITDA basis for the first time. Read more about NBCUniversal’s global streaming tech layoffs at the link in our bio. Story by James Faris (Credit: Getty Image...

 412

 10

    Suggested Credits
    Tags, Events, and Projects